Question
Lancaster Bakery has net fixed assets of $329,700, current assets of $87,200, a price-earnings ratio of 12.8, a debt-equity ratio of 0.42, and earnings per
Lancaster Bakery has net fixed assets of $329,700, current assets of $87,200, a price-earnings ratio of 12.8, a debt-equity ratio of 0.42, and earnings per share of $1.97. What is the market-to-book ratio if there are 36,000 shares of stock outstanding?
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
