Question
Raleigh Racers has $8 billion in total assets. Its balance sheet shows $1 billion in current liabilities, $2 billion in long-term debt, and $5 billion
Raleigh Racers has $8 billion in total assets. Its balance sheet shows $1 billion in current liabilities, $2 billion in long-term debt, and $5 billion in common equity. It has 950 million shares of common stock outstanding, and its stock price is $25 per share. What is Raleighs market-to-book ratio?
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
6th Edition
0077211332, 9780077211332
