The Badger Corporation has a market to book ratio of 12.0 while its competitor, the Wolverine Corporation, has a market to book ratio of 6.0. Based on that fact alone, which of the following conclusions is the least supported? Investors are willing to pay more for each dollar of Badger's Book Value compared to Wolverine's Book Value, It is likely the market used other information than what was reported on Badger's balance sheet to value Badger. Badger likely has a more valuable intangible asset, like its trademark, that is not reflected on its balance sheet relative to Wolverine. Badger's stock price is twice Wolverine's stock price. Previous Page Next Pape Apex Corporation's Trial Balance as of December 31, 2020 shows the following balances: Item Debit Credit $1,540,000 Service revenue Costs of goods sold Cast Accounts receivable Prepaid rent $909.000 S419,000 $1,141,000 $144.000 $12.000 Rent expense Based on the above information, calculate Apex Corporation's Net Income for 2020. Assume that no other transactions occurred in 2020. $619,000 $631,000 $1,540,000 $1,760,000