Answered: A company's stock is trading at $25 per…

A company's stock is trading at $25 per share. If the price-to-book value ratio is 2.5 and there are 80,000 shares outstanding, what is the total book value of the company?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Solve this problem general Accounting

A company's stock is trading at $25 per share. If
the price-to-book value ratio is 2.5 and there
are 80,000 shares outstanding, what is the total
book value of the company?

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