Question
Westcoast Supplies has 1.6 million shares outstanding with a book value of $4.31 a share. The earnings per share are $0.32 and the price-earnings ratio
Westcoast Supplies has 1.6 million shares outstanding with a book value of $4.31 a share. The earnings per share are $0.32 and the price-earnings ratio is 24. What is the market-to-book ratio?
1.83
1.64
1.92
1.34
1.78
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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
Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077647094
