A company has 40,000,000 shares outstanding with a current market price per share (PPS) of $30.25. The firm's total assets are $800M, total liabilities are $300M, and net income for the year is $400M. What would be the Price-to-Earnings (P/E) ratio and the Market-to-Book (M/B) ratio? A. 2.5; 2.75 B. 3.0; 1.9 C. 4.0; 2.2 D. 3.0; 2.4
A company has 40,000,000 shares outstanding with a current market price per share (PPS) of $30.25. The firm's total assets are $800M, total liabilities are $300M, and net income for the year is $400M. What would be the Price-to-Earnings (P/E) ratio and the Market-to-Book (M/B) ratio? A. 2.5; 2.75 B. 3.0; 1.9 C. 4.0; 2.2 D. 3.0; 2.4
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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