Question
Please calculate the market-to-book (or price-to-book) value as of 10/04/2023 for the company Cars Inc. based on the following information. On 10/04/2023 company had a
Please calculate the market-to-book (or price-to-book) value as of 10/04/2023 for the company "Cars Inc." based on the following information. On 10/04/2023 company had a share price of 11 GBP. On that day, the company had 75,000 shares outstanding. The company's balance sheet information as of fiscal year end 2021 was as follows: Cash 90,000 GBP, Inventory 70,000, Plant/Property/Equipment 150,000, Long-term debt 30,000, Short-term debt 10,000. The company's balance sheet information as of fiscal year end 2022 was as follows: Cash 100,000 GBP, Inventory 80,000, Plant/Property/Equipment 250,000, Long-term debt 90,000, Short-term debt 10,000. The company's balance sheet information as of fiscal year 2023 is not yet available but estimated to be as follows: Cash 10,000 GBP, Inventory 70,000, Plant/Property/Equipment 260,000, Long-term debt 90,000, Short-term debt 10,000. Assume the company as no other balance sheet items.
Please round your numerical answer using exactly one decimal.
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