Question
(Market Value Analysis) Lei Material's balance sheet lists total assets of $1.07 billion, $192 million in current liabilities, $445 million in long-term debt, $433 million
(Market Value Analysis) Lei Material's balance sheet lists total assets of $1.07 billion, $192 million in current liabilities, $445 million in long-term debt, $433 million in common equity, and 54 million shares of common stock price is $49.05, what is the firm's market-to-book ratio?
The market-to-book ratio is ____ (Round to two decimal places)
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
