Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

TI Stock Price from 12/30/2022 is $165.22/share. Calculate TI's Market to Book Ratio. Round your answer to two decimal points. Hints: (1) Calculate shares

image

TI Stock Price from 12/30/2022 is $165.22/share. Calculate TI's Market to Book Ratio. Round your answer to two decimal points. Hints: (1) Calculate shares outstanding: # shares shown by common stock account on balance sheet MINUS the # shares repurchased shown by treasury stock on the balance sheet. (2) Calculate market value of equity: Multiply stock price of $165.22 by # Shares outstanding calculated in Hint 1 (3) Calculate market-to-book ratio: Divide market value of equity from Hint 2 by book value of equity which is equal to total shareholders' equity on the balance sheet. Remember to round your answer to two decimal points, e.g. 9.28

Step by Step Solution

3.42 Rating (149 Votes )

There are 3 Steps involved in it

Step: 1

Lets go through the calculations step by step Given TI Stock Price on 12302022 16522share Step 1 ... blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Financial Accounting

Authors: Robert Libby, Patricia Libby, Frank Hodge

11th Edition

1264229739, 9781264229734

More Books

Students also viewed these Finance questions

Question

What is the mode?

Answered: 1 week ago