(Market value analysis) Lei Materials' balance sheet lists total assets of $1.17 billion, $197 million in current liabilities, $435 million in long-term debt, $538 million in common equity, and 50 million shares of common stock. If Lei's current stock price is $54.48, what is the firm's market-to-book ratio?
(Market value analysis) Lei Materials' balance sheet lists total assets of $1.17 billion, $197 million in current liabilities, $435 million in long-term debt, $538 million in common equity, and 50 million shares of common stock. If Lei's current stock price is $54.48, what is the firm's market-to-book ratio?
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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![(Market value analysis) Lei Materials' balance sheet lists total assets of $1.17 billion, $197 million in
current liabilities, $435 million in long-term debt, $538 million in common equity, and 50 million shares of common
stock. If Lei's current stock price is $54.48, what is the firm's market-to-book ratio?
The market-to-book ratio is
(Round to two decimal places.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F93d6464e-f155-4940-8921-7114e2ab97cc%2Fac662376-773e-49bb-b64e-4d4f5a02803d%2F6ylinqp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:(Market value analysis) Lei Materials' balance sheet lists total assets of $1.17 billion, $197 million in
current liabilities, $435 million in long-term debt, $538 million in common equity, and 50 million shares of common
stock. If Lei's current stock price is $54.48, what is the firm's market-to-book ratio?
The market-to-book ratio is
(Round to two decimal places.)
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