Question
Toms Inc.'s balance sheet shows a stockholders' equity-book value of $3,000,000. The firms earnings per share was $8.25, resulting in a price to earnings ratio
Toms Inc.'s balance sheet shows a stockholders' equity-book value of $3,000,000. The firms earnings per share was $8.25, resulting in a price to earnings ratio of 25.5. There are 500,000 shares outstanding. Calculate the firm's price to book ratio. (Round to 2 decimals) please show work
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Handbook Of Corporate Finance Empirical Corporate Finance Volume 1
Authors: B. Espen Eckbo
1st Edition
044453265X, 0080559565, 9780444532657, 9780080559568
