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Problem 4-4 (similar to) Question Help (Price book) Chang, Inc.'s balance sheet shows a stockholders' equity book value (total common equity) of $756,000. The firm's
Problem 4-4 (similar to) Question Help (Price book) Chang, Inc.'s balance sheet shows a stockholders' equity book value (total common equity) of $756,000. The firm's earnings per share is $3.02, resulting in a price/earnings ratio of 12.61X. There are 54,000 shares of common stock outstanding. What is the price/book ratio? What does this indicate about how shareholders view Chang, Inc.? The price/book ratio is (Round to two decimal places.) Enter your answer in the answer box and then click Check
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