Question
Old Shed Distillery generated $10.1 billion in sales last fiscal year. At FYE, Old Shed's balance sheet showed that the company has $8 billion in
Old Shed Distillery generated $10.1 billion in sales last fiscal year. At FYE, Old Shed's balance sheet showed that the company has $8 billion in total assets, of which $4.2 are current assets. Its balance sheet further shows $2.0 billion in current liabilities, $4 billion in long-term debt, and $2.5 billion in common equity. It has 300 million shares of common stock outstanding, and its stock price is $50 per share.
What is Old Shed's market/book ratio?
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
