QUESTION 10 Which of the following statements about market-to-book ratio is NOT true? When the market-to-book ratio is lower than 1, the company has successfully created value for its shareholders. The book value refers to the equity value from balance sheet. A low market-to-book ratio indicates the current stock price might be low. The market value refers to the current stock price. QUESTION 11 AT&T has sales of $170,765 million, net income of $19,370 million, total equity of $184,089 million, and 7,300 million shares outstanding. Its current stock price is $38.50. Compute its price/sales ratio. 1.65 2.65 14.53 1.03