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this is 1 question Long-term bonds Total liabilities $11,000 $53,900 $3,542 Common stock Retained earnings 12,558 $16,100 Total common equity Total liabilities and equity $70,000

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Long-term bonds Total liabilities $11,000 $53,900 $3,542 Common stock Retained earnings 12,558 $16,100 Total common equity Total liabilities and equity $70,000 2019 Income Statement (Millions of S) Net sales $105,000 97,650 Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) 2,100 $5,250 Less interest 1,020 Earnings before taxes (EBT) $4,230 Taxes 1,058 Net income $2,538 Other data: Shares outstanding (millions) 500.00 Net income $2,538 Other data: Shares outstanding (millions) Common dividends (millions of S) Int rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 500.00 $888.30 6% 40% $60.91 Refer to Exhibit 4.1. What is the firm's market-to-book ratio? Do not round your intermediate calculations. a. 1.82 b.1.42 c. 1.72 d. 1.89 e. 1.55 QUESTION 8

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