Question
The return on equity for MMM corporation is 10% for 2017 and profits after taxes are $40,000. Number of shares outstanding are 100,000 and the
The return on equity for MMM corporation is 10% for 2017 and profits after taxes are $40,000. Number of shares outstanding are 100,000 and the market price of the share is $8. Total liabilities for the company are $600,000. Please answer the following : Calculate the debt to assets ratio and explain its meaning and significance to investors. c. Calculate the price-earnings ratio of MMM and explain its meaning and significance to investors?
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Quantum Economics And Finance
Authors: David Orrell
3rd Edition
1916081630, 978-1916081635
