Answered step by step
Verified Expert Solution
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
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 ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started