D Question 34 The equity portion of the balance sheet for BusFin Inc.is shown below. If the stock price is $28 per share, calculate the market to book ratio. Equity Portion of BusFinance Inc. Balance Sheet, 2022 Common stock ($0.25 par) $1,062,462 Capital surplus $1,888,902 Retained earnings $2,991,589 10.01 29.35 40.32 28.00 20.02 27

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Question 34
The equity portion of the balance sheet for BusFin Inc.is shown
below. If the stock price is $28 per share, calculate the market to
book ratio.
Equity Portion of BusFinance Inc. Balance Sheet, 2022
Common stock ($0.25 par) $1,062,462
Capital surplus
$1,888,902
Retained earnings
$2,991,589
O 10.01
29.35
O 40.32
O 28.00
20.02
4
Transcribed Image Text:Question 34 The equity portion of the balance sheet for BusFin Inc.is shown below. If the stock price is $28 per share, calculate the market to book ratio. Equity Portion of BusFinance Inc. Balance Sheet, 2022 Common stock ($0.25 par) $1,062,462 Capital surplus $1,888,902 Retained earnings $2,991,589 O 10.01 29.35 O 40.32 O 28.00 20.02 4
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