A stock sells for $15 per share. What is the book value of the company if the price-to-book value ratio is 1.5 and it has 100,000 shares of stock outstanding?

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 1DTM
icon
Related questions
Question

Hello tutor please given answer Accounting not use chart gpt

A stock sells for $15 per share. What is the book value of the
company if the price-to-book value ratio is 1.5 and it has 100,000
shares of stock outstanding?
Transcribed Image Text:A stock sells for $15 per share. What is the book value of the company if the price-to-book value ratio is 1.5 and it has 100,000 shares of stock outstanding?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Personal Finance
Personal Finance
Finance
ISBN:
9781337669214
Author:
GARMAN
Publisher:
Cengage