Question
Chisel Corporation has 2.622 million shares outstanding at a price per share of $4.87. If the debt-to-equity ratio is 1.78 and total book value of
Chisel Corporation has 2.622 million shares outstanding at a price per share of $4.87. If the debt-to-equity ratio is 1.78 and total book value of debt equals $12,376,000, what is the market-to-book ratio for Chisel Corporation? (Round answer to 2 decimal places, e.g.12.25.)
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International Finance A Survey
Authors: H. Kent Baker, Leigh A. Riddick
1st Edition
0199754659, 978-0199754656
