In December 2019, Al Muntar Co. had a share price of $39.20. They had 81.33 million shares outstanding, a market-to-book ratio of 3.76. In addition, AL Muntar had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $257.09 million. Al Muntar's market capitalization is closest to: O a. $3188.14 million. O b. $952.16 million. O c. $3580.14 million. O d. $4168.06 million.
In December 2019, Al Muntar Co. had a share price of $39.20. They had 81.33 million shares outstanding, a market-to-book ratio of 3.76. In addition, AL Muntar had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $257.09 million. Al Muntar's market capitalization is closest to: O a. $3188.14 million. O b. $952.16 million. O c. $3580.14 million. O d. $4168.06 million.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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![In December 2019, Al Muntar Co. had a share price of $39.20. They had 81.33 million shares outstanding, a market-to-book ratio of 3.76. In addition, AL
Muntar had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $257.09 million. Al Muntar's market capitalization is closest to:
O a. $3188.14 million.
O b. $952.16 million.
O c. $3580.14 million.
O d. $4168.06 million.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe3e8d2a2-2948-4945-a5db-496e702a29f7%2F964ea570-1841-480d-8e9a-774dedcbde52%2Flublcwd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In December 2019, Al Muntar Co. had a share price of $39.20. They had 81.33 million shares outstanding, a market-to-book ratio of 3.76. In addition, AL
Muntar had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $257.09 million. Al Muntar's market capitalization is closest to:
O a. $3188.14 million.
O b. $952.16 million.
O c. $3580.14 million.
O d. $4168.06 million.
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