<u>Calculation of Edelman's market/book ratio:</u>
The market/book ratio is calculated with the help of following formula:
Market/book ratio = Market price per share / Book value per share
The Book value per share can be calculated as follows;
Book value per share =Common Equity/ Shares of common stock outstanding
= 8,000,000,000 /500,000,000
= 16
Hence ,
Market/book ratio = 25/16 = 1.56
Hence, Edelman's market/book ratio is <u>1.56</u>
I believe it should be lack of investment
Answer:
The partnership assets should be distributed $ 1875 for Joe and $ 625 for Mae.
Explanation:
Since Mae and Joe form a partnership, and Mae contributes $ 3,000 in cash, and Joe contributes his services, and throughout the life of the partnership, Mae also lends the partnership $ 1,000, and upon dissolution of the partnership, $ 2,500 is left in the partnership. assets after all outside creditors have been paid, absent a partnership agreement to the contrary, to determine how the partnership assets should be distributed the following calculation must be performed:
Joe = 3000
Mae = 1000
Joe 3: 1 Mae
2500/4 x 3 = Joe = 1875
2500/4 = Mae = 625
Therefore, the partnership assets should be distributed $ 1875 for Joe and $ 625 for Mae.
Answer:
13.76%
Explanation:
The computation of the interest rate required by law is shown below:
As we know that
Effective annual rate = (1 + Annual percentage rate ÷ number of days)^number of days - 1
0.1475 = (1 + Annual percentage rate ÷ 365)^365 - 1
(0.1475 + 1) = (1 + Annual percentage rate ÷ 365)^365
(1.1475)^ × (1 ÷ 365) = 1 + Annual percentage rate ÷ 365
So, the Annual percentage rate is
= [(1.1475)^ × (1 ÷ 365) - 1] × 365
= 0.1376
= 13.76%
