Answered: DA finm has 160.000 shares of stock…

DA finm has 160.000 shares of stock outstanding, sales of $1.94 million, net income of 126,400, a price-camings ratio of 21.3, and a book value per share of S$7.92. What is the market- o-book ratio?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter1: Introduction And Goals Of The Firm

Section: Chapter Questions

Problem 1.7CE

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Question

6) A firm has 160.000 shares of stock outstanding, sales of $1.94 million, net income of
$126,400, a price-camings ratio of 21.3, and a book value per share of $7.92. What is the market-
to-book ratio?

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