1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pashok25 [27]
3 years ago
11

​(Market value​ analysis) Lei​ Materials' balance sheet lists total assets of $ 1.37 ​billion, $ 186 million in current​ liabili

ties, $ 414 million in​ long-term debt, $ 770 million in common​ equity, and 57 million shares of common stock. If​ Lei's current stock price is $ 46.55​, what is the​ firm's market-to-book​ ratio?
Business
1 answer:
Alja [10]3 years ago
4 0

Answer:

Market-to-book​ ratio=3.44591 times

Explanation:

Give data:

Total assets=$1.37 billion

Current liabilities=$186 m

Long term debt=$414 m

Common Equity=$770 m

Number of share  of common stock= 57 m

Current stock price=$46.55

Required:

the​ firm's market-to-book​ ratio=?

Solution:

We will calculate the book value of each share:

Book value per share=\frac{common\​ equity}{Number\ of\ common\ shares}

Book value per share=\frac{\$770 m}{57 m}

Book value per share=$13.50877

Market-to-book​ ratio=\frac{Market\ value}{Book\ value}

Market-to-book​ ratio=\frac{\$46.55}{\$13.50877}

Market-to-book​ ratio=3.44591 times

You might be interested in
Which is the main force behind the decisions made by producers in a free-market society?
marysya [2.9K]
The profit motive

Hope this helped!
STSN
7 0
3 years ago
Read 2 more answers
1. Prepare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing
AURORKA [14]

Answer: Hello your question is incomplete below is the complete question

answer :

1) attached below

2a) Increases by $25,176

Explanation:

1) Attached below is the contribution format income statement

<u>2a) Determine by how much the net operating income will change </u>

monthly advertising increment = $25,000

Assumed increase in division's sales = 16%

first step : determine increment in contribution margin of west division

  = 313,600 * 0.16  = 50,176

change in net operating income = 50176 - monthly advert increment

                                                     = 50176 - 25,000 = $25,176 ( increases )

8 0
3 years ago
The Merchant Company issued 10-year bonds on January 1. The 15% bonds have a face value of $100,000 and pay interest every Janua
White raven [17]

Answer:

c) $14,065

Explanation:

Because I said so

4 0
3 years ago
Suppose that Marie is buying bananas. She decides that she would like to purchase three bananas at the price of $0.25 per banana
dmitriy555 [2]

Answer:

The correct answer is letter "C": marginal thinking.

Explanation:

Marginal Cost of Production is an economic term that refers to the change in production costs resulting in producing one more unit. It is most often used within manufacturers as a means of identifying an optimum production level. The formula to calculate the cost of production is the change in total production cost divided by the change in total quantity produced.

As Marie is analyzing the extra benefit and cost of buying one more banana,  economists would say she is performing "<em>marginal thinking</em>".

6 0
3 years ago
How to vote correctly? explain your answer​
lapo4ka [179]

Answer:

Voting correctly is a concept from political psychology that means a vote decision "that is the same as the choice which would have been made under conditions of full information." Measurements of correct votes are used to determine how accurate low-information voters are at determining the candidate or party that best

Explanation:

6 0
3 years ago
Read 2 more answers
Other questions:
  • A cost associated with home buying would be:
    7·2 answers
  • How many employees does a walmart have at one specific location?
    14·1 answer
  • Pasadena Candle Inc. projected sales of 37,000 candles for January. The estimated January 1 inventory is 1,900 units, and the de
    14·1 answer
  • Sara shouppe has invested $100,000 in an account at her local bank. the bank will pay her a constant amount each year for 6 year
    15·1 answer
  • Pl lumber stock is expected to return 22 percent in a booming economy, 15 percent in a normal economy, and lose 2 percent in a r
    11·1 answer
  • Example of demand in economics.
    10·1 answer
  • Jaleel is the marketing manager for a moderately well-known rock band. He wants to know more about industry trends including sal
    5·1 answer
  • Managerial accounting is primarily focused on: a. Providing information for internal and external users b. Providing general pur
    14·2 answers
  • Your gross income is 10,000 a month before taxes, and income taxes are estimated at a rate of 20%. In addition, your debt is $2,
    13·1 answer
  • the audit expectation gap is caused by unrealistic user expectations. what example would not be included in an unrealistic user
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!