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Your company has enterprise value of $870 million, excess cash of $30 million, 12 million shares outstanding, market price per share of $38, and market-to-book
Your company has enterprise value of $870 million, excess cash of $30 million, 12 million shares outstanding, market price per share of $38, and market-to-book ratio of 1.8. What is your company's book debt-equity ratio if book debt equals market debt? Provide an answer correct to two digits after the decimal, such as 1.03. What is your company's market debt-equity ratio? Provide an answer correct to two digits after the decimal, such as 1.03
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