The most recent balance sheet of infinity information Systems shows that the company has $35 million of

Question:

The most recent balance sheet of infinity information Systems shows that the company has $35 million of common equity and 7 million shares of common stock outstanding. The company's common stock has a market value equal to $8 per share. infinity information Systems net income was $14 million. What are infinity information Systems (a) P/E ratio and (b) M/B ratio?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...