Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Runners Points Inc.'s stock currently trades at $161 and has a market-to-book ratio of 1.1. The P/E ratio is 12 and there are 88 million

Runners Points Inc.'s stock currently trades at $161 and has a market-to-book ratio of 1.1. The P/E ratio is 12 and there are 88 million shares outstanding.

The profit margin is 9.6% and net working capital turnover is 3.4.

The company has a long-term debt ratio of 0.25, and current liabilities consist only of accounts payable and are $3.8 million.

Attempt 1/3 for 10 pts.

Part 1

What are sales (in $ million)?

Submit

Attempt 1/3 for 10 pts.

Part 2

What are total assets (in $ million)?

Submit

Attempt 1/3 for 10 pts.

Part 3

What is fixed asset turnover?

Submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions