Question
Use the following information for ECE incorporated Assets $200 million Shareholder Equity $100 million Sales $300 million Net Income $15 million Interest Expense $2 million
Use the following information for ECE incorporated
Assets $200 million
Shareholder Equity $100 million
Sales $300 million
Net Income $15 million
Interest Expense $2 million
If ECE's stock is currently trading at $24.00 and ECE has 25 million shares outstanding, then ECE's market to book ratio is closest to:
A. 4
B. 30
C. 6
D. 0.24
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Personal Finance
Authors: Elizabeth B. Goldsmith
1st Edition
0534544959, 9780534544959
