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You have the following information on Zennish Corp. Calculate the market-to-book ratio, assuming that total equity includes accumulated retained earnings. Cash $100,000 Sales $1,000,000 Inventory
You have the following information on Zennish Corp. Calculate the market-to-book ratio, assuming that total equity includes accumulated retained earnings. Cash $100,000 Sales $1,000,000 Inventory $115,000 $420,000 Net fixed assets $75,000 Accounts receivable Accounts payable Notes payable $80,000 $35,000 $250,000 Long-term debt Common stock $300,000 Number of shares outstanding 1,000,000 Price per share 0.5 Profit margin 9%
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