Use the following information in the table below to answer the question: Blanc Blanc Financial Year ending 2018 2019 Market Price $34.33 $30.92 Total shares outstanding 5,000,000 5,000,000 Total shareholders' equity $63,000,000.00 $68,500,000.00 Net Income $7,461,807.07 $7,115,844.52 Based on the information given the price to book ratio for Blanc in 2019 is closest to: O A. 2.51 О В. 2.26 Ос. 2.45
Use the following information in the table below to answer the question: Blanc Blanc Financial Year ending 2018 2019 Market Price $34.33 $30.92 Total shares outstanding 5,000,000 5,000,000 Total shareholders' equity $63,000,000.00 $68,500,000.00 Net Income $7,461,807.07 $7,115,844.52 Based on the information given the price to book ratio for Blanc in 2019 is closest to: O A. 2.51 О В. 2.26 Ос. 2.45
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 88PSA: Ratio Analysis Consider the following information taken from the stockholders equity section: How do...
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![Use the following information in the table below to answer the question:
Blanc
Blanc
Financial Year ending
2018
2019
Market Price
$34.33
$30.92
Total shares outstanding
5,000,000
5,000,000
Total shareholders' equity
$63,000,000.00
$68,500,000.00
Net Income
$7,461,807.07
$7,115,844.52
Based on the information given the price to book ratio for Blanc in 2019 is closest to:
...
O A. 2.51
ОВ. 2.26
Ос. 2.45](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fec7f1130-13e4-4a0d-833d-b13b175b4eb4%2F734ce7d7-0c7b-49a0-9cb2-63d1d2c8a606%2Fq2u9rlw_processed.png&w=3840&q=75)
Transcribed Image Text:Use the following information in the table below to answer the question:
Blanc
Blanc
Financial Year ending
2018
2019
Market Price
$34.33
$30.92
Total shares outstanding
5,000,000
5,000,000
Total shareholders' equity
$63,000,000.00
$68,500,000.00
Net Income
$7,461,807.07
$7,115,844.52
Based on the information given the price to book ratio for Blanc in 2019 is closest to:
...
O A. 2.51
ОВ. 2.26
Ос. 2.45
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