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SOA Cycles is a Charming, CA based motorcycle shop. Their stock currently sells for ( $ 58.07 ) per share and the company earns (
SOA Cycles is a Charming, CA based motorcycle shop. Their stock currently sells for \\( \\$ 58.07 \\) per share and the company earns \\( \\$ 23 \\) million in net income, which comes out to \\( \\$ 4.72 \\) per share. If they currently have \\( \\$ 360 \\) million in total shareholders' equity on the books, what is their market-to-book ratio? That is, how many times larger is the market value of the firm's equity than what they are stating on the books
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