Question
In the year 2010, the average firm in the S&P 500 Index had a total market value of five times stockholders equity (book value). Assume
In the year 2010, the average firm in the S&P 500 Index had a total market value of five times stockholders equity (book value). Assume a firm had total assets of $10 million, total debt of $6 million, and net income of $600,000.What is the percent return on total market value?
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
