Q1

What is the market price of a share of stock for a firm with 100,000 shares outstanding, a book value of equity of $3,000,000, and a market-to-book ratio of 3?

$30

$105

$10

$90

Q2

The quick ratio for Apple, Inc. was 0.80 in 2017 and 0.93 in 2018. This means:

The company's liquidity increased

The company's liquidity decreased

The company's efficiency increased

The company's efficiency decreased

Q3

Camp co's balance sheet shows total assets of $238,000 and total liabilities of $107,000. The firm has 55,000 shares of stock outstanding that sell for $11 a share. What is the amount of market value-added?

$474,000

$1,073,000

$123,712

$389,000