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Office Paradise Inc.'s financial statements are provided here: Office Paradise, Inc.: Balance Sheet (in millions) 2014 2015 Assets Cash $80 $ 95.8 Accounts receivable
Office Paradise Inc.'s financial statements are provided here: Office Paradise, Inc.: Balance Sheet (in millions) 2014 2015 Assets Cash $80 $ 95.8 Accounts receivable 192.4 227.2 Inventories 107.5 103.7 Other Current Assets 45.2 73.6 Total current assets 425.1 500.3 Net Property, plant and equipment 316.7 398.7 Other net fixed assets 19.7 42.2 Total assets $761.5 $941.2 Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total liabilities Common Stock Retained Eamings Total liabilities and stockholders' equity $82.4 114.2 79.3 174.3 89.6 85.5 251.3 374 301.1 272.7 552.4 646.7 137.6 92.6 71.5 201.9 761.5 941.2 Office Paradise Inc.: Income Statement for the year ended December 31, 2015 (in millions) Sales revenue Cost of goods sold Operating expenses Depreciation Operating profit Interest expense Eamings Before Taxes Taxes (rate = 37%) Net Income $1,938 1,128.5 497.2 77.1 235.2 13.4 221.8 82.1 61.8 On December 31, 2015, the firm had 61.8 (million) shares outstanding and the price per share was $41.50. Consider the displayed financial statements for Office Paradise Inc. What is the company's Market/Book ratio in 2015? 2.7 8.7 12.7 27.7
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