Question
Chisel Corporation has 4.942 million shares outstanding at a price per share of $4.84. If the debt-to-equity ratio is 1.66 and total book value of
Chisel Corporation has 4.942 million shares outstanding at a price per share of $4.84. If the debt-to-equity ratio is 1.66 and total book value of debt equals $12,346,000, what is the market-to-book ratio for Chisel Corporation? (Round answer to 2 decimal places, e.g. 12.25.)
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
11th Edition
0321357965, 978-0321357960
