Intro Use the following information to answer the questions: Assets Cash 10,000 Marketable securities 4,000 Accounts receivable 10,000 Inventory 26,000 Long-term debt Current assets 50,000 Machines 42,000 60,000 102,000 152,000 Real estate Net fixed assets Total assets Liabilities and Equity Accounts payable Notes payable Current liabilities EBIT Interest Taxable income Taxes Net income 19,000 8,000 27,000 80,000 Total liabilities 107,000 Paid-in capital 30,000 Retained earnings 15,000 Equity 45,000 Total liab. & equity 152,000 Line item Value Sales 730,000 Operating expenses 598,600 Depreciation 25,000 106,400 8,000 98,400 32,472 65,928 The company has 30,000 shares outstanding, each currently trading at $21.6.

What is the Market/Book Ratio?

Use the following information to answer the questions: The company has 30,000 shares outstanding, each currently trading at $21.6