reported the following: Asset – Php400 Million; Liabilities – Php100 Million; Assuming Lumina Inc has not available market information, but the industry s 5 Lumina Inc.'s statement of financial position as of December 31, 2019 Equity - Php300 Million with outstanding shares of 10 Million. The Lumina's - stock is already selling at Php37 per share. How much is the Book-to- Market Ratio? Book-to-Market Ratio is 1.2 what is the market value of Lumina?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Book-to-Market Ratio is 1.2 what is the market value of Lumina?
stock is already selling at Php37 per share. How much is the Book-to-
Assuming Lumina Inc has not available market information, but the industry
Equity - Php300 Million with outstanding shares of 10 Million. The Lumina's
reported the following: Asset – Php400 Million; Liabilities – Php100 Million;
P6-5. Lumina Inc.'s statement of financial position as of December 31, 2019
Market Ratio?
Transcribed Image Text:Book-to-Market Ratio is 1.2 what is the market value of Lumina? stock is already selling at Php37 per share. How much is the Book-to- Assuming Lumina Inc has not available market information, but the industry Equity - Php300 Million with outstanding shares of 10 Million. The Lumina's reported the following: Asset – Php400 Million; Liabilities – Php100 Million; P6-5. Lumina Inc.'s statement of financial position as of December 31, 2019 Market Ratio?
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