Question
In March 2019, Suncor Energy (SE) had a book value of equity of $98 billion, 10.2 billion shares outstanding, and a market price of $28
In March 2019, Suncor Energy (SE) had a book value of equity of $98 billion, 10.2 billion shares outstanding, and a market price of $28 per share. SE also had cash of $102 billion, and total debt of $199 billion. What was SEs market-to-book ratio?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
