Anderson Technologies has 40,000,000 shares outstanding with a current market PPS of $30.25. If the firm has total assets of $750M, total liabilities of $250M, and net income and a Market-to- of $480M, it would have a P/E of Book ratio of

Anderson Technologies has 40,000,000 shares outstanding with a current market PPS of $30.25. If the firm has total assets of $750M, total liabilities of $250M, and net income and a Market-to- of $480M, it would have a P/E of Book ratio of

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 5P: Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are...

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Question

Solve this Accounting Problem

Anderson Technologies has 40,000,000 shares outstanding
with a current market PPS of $30.25. If the firm has total
assets of $750M, total liabilities of $250M, and net income
and a Market-to-
of $480M, it would have a P/E of
Book ratio of

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