hang, Inc.'s balance sheet shows a stockholders' equity-book value (total common equity) of $757 comma 700. The firm's earnings per share is $3.04, resulting in a price/earnings ratio of 12.82X. There are 51 comma 000 shares of common stock outstanding. What is the price/book ratio? What does this indicate about how shareholders view Chang, Inc.? The price/book ratio is nothing. (Round to two decimal places.) "The price/book ratio indicates that the shareholders believe that the company's shares are worth more than twice their historical cost value on the balance sheet." Is the above statement true or false? True False . (Select from the drop-down menu.)