Question
Winston Washers' stock price is $95 per share. Winston has $10 billion in total assets. Its balance sheet shows $1 billion in current liabilities, $3
Winston Washers' stock price is $95 per share. Winston has $10 billion in total assets. Its balance sheet shows $1 billion in current liabilities, $3 billion in long-term debt, and $6 billion in common equity. It has 500 million shares of common stock outstanding. What is Winston's market/book ratio? Round your answer to two decimal places.
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Understanding Financial Risk Management
Authors: Angelo Corelli
1st Edition
0415746183, 978-0415746182
