Question
Edelman Engines has $18 million in total assets. Its balance sheet shows $2 million in current liabilities, $10 million in long-term debt, and $6 million
Edelman Engines has $18 million in total assets. Its balance sheet shows $2 million in current
liabilities, $10 million in long-term debt, and $6 million in common equity. It has 300,000 shares of common stock outstanding, and its stock price is $27.00 per share. What is Edelman's market/book (M/B) ratio?
Your answer should be between 1.04 and 1.96, rounded to 2 decimal places, with no special
characters.
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
24th edition
1259916960, 978-1259916960
