The shareholders of Zimtex Electronics Inc. are considering selling their shares. The company's statement of financial position is as follows:

The company has 25,000 shares outstanding, which are currently trading at $42.50.
1. What is the book value of the shares?
2. What is the market value of the shares?
3. What is the ratio of the market value to the book value?

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Zimtex Electronics Inc. Statement of Financial Positior it1 Non-current assets 800,000 300,000 Share capital Retained earnings Total equity Long-term bornowings Current liabilities Total liabilities Total equity and liabilities 200,000 350,000 550,000 400,000 150,000 550,000 1,100,000 Current assets Total assets 1,100,000