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
Blue Ridge Bicycles uses a standard part in the manufacture of several of its bikes. The cost of producing 43,000 parts is $140,
kifflom [539]

Answer:

$71,000

Explanation:

The computation of operating income is shown below:-

Total costs if company bought = Cost of production × Outside supplier per unit) + (Fixed cost × Remaining percentage)

= (43,000 × $3.80) + ($68,000 × (100% - 30%))

= (43,000 × $3.80) + ($68,000 × 70%)

= $163,400 + $47,600

= $211,000

Loss in Income if part is bought = Total costs if company bought - Total costs originally

= $211,000 - $140,000

= $71,000

Therefore, Making profit will be more by $71,000 and for computing the Loss in Income if part is bought we simply applied the above formula.

8 0
3 years ago
If the commercial is TRUE that every additional bite of food tastes as good as the first, the marginal utility from consuming mo
zlopas [31]

Answer: If the commercial is TRUE that every additional bite of food tastes as good as the first, the marginal utility from consuming more of the advertised product must be CONSTANT. Option D.

Explanation:

Marginal utility is the additional satisfaction an individual gets, from consuming an additional unit of a product or service.

Therefore, in the scenario given above, if every additional bite of food tastes as good as the first, then the additional satisfaction is just as good as the preceding satisfaction. We can therefore say that the marginal utility gotten from consuming that product is constant.

4 0
4 years ago
Suppose Kim Ping and Abdel decide to set up a joint venture. Working together, the two companies will build a new, independent m
harina [27]

Answer:

Kim Ping and Abdel will have trouble when it comes to equality in a joint venture. There is always one partner who earns more than the other.

Kim Ping and Abdel will face<em> "conflict of interest." </em>Every individual has his own purpose in making a profit.

Explanation:

"Join venture" refers to the<em> merging of two parties</em>, including their resources, in order to accomplish a project or start a new business. This means that the company profits and losses will be shared by both parties.

However, it is said that "there is no such things as equal partners." There is always a chance that one party will earn more than the other, or the other party will contribute more than the other.

There is also a possibility of "conflict of interest" in such situation. Every partner has his own beliefs and style of running a business. This will cause a conflicting interest in both parties.  

These are the possible problems that Kim Ping and Abdel might encounter.

5 0
4 years ago
A competitive firm maximizes profit by choosing the quantity at which.
photoshop1234 [79]

Profit maximization can be achieved by a competitive corporation by choosing a quantity of output such that marginal revenue equals marginal cost.

<h3>How does a corporation maximize its profit?</h3>

A corporation maximizes income via way of means of operating wherein marginal revenue equals marginal price. The corporation chooses quantity in order for that rate to equal marginal value so that it can maximize its profit.

Therefore, When the marginal revenue for an aggressive corporation equals the market rate, the firm maximizes its profit.

learn more about profit maximization here:

brainly.com/question/4171648

#SPJ1

7 0
2 years ago
Microsoft studies correlations between its successful workers and the schools and companies they arrived from, an application of
sertanlavr [38]
<span>The statement about "Microsoft studies correlations between its successful workers and the schools and companies they arrived from, an application of business analytics" is true. The answer is letter B. An example is a paper called Diamonds in the Data Mine by Gary Loveman, the CEO of the Harah's gambling empire. He wanted to know how data-mining software was used to study numerous amounts of casino customer data to target profitable sponsors. So the statement above aids in the recruitment of these sponsors using data-mining software such as microsoft.</span>
4 0
3 years ago
Other questions:
  • School teachers, counselors, and job placement centers can help you _____.
    6·1 answer
  • A Treasury bond that settles on August 10, 2016, matures on September 27, 2021. The coupon rate is 4.6 percent and the quoted pr
    13·1 answer
  • Fifo is preferred when purchase costs are rising and managers have incentives to report higher income for reasons such as bonus
    15·1 answer
  • A company using the periodic inventory system has inventory costing $210 on hand at the beginning of a period. During the period
    5·1 answer
  • Samuel's Dad is looking to deposit a sum of money immediately into an account that pays an annual interest rate of 9.00% so that
    12·1 answer
  • Which of the following is an example of a routine​ message? A. Lucas informs Ray that he is being transferred to another divisio
    8·1 answer
  • A small group characterized by intimate, long-term, face-to-face association and cooperation is a(n) __________. primary group r
    12·1 answer
  • an employee who has integrity is _____. a. trustworthy and honest b. prompt and efficient c. focused and intelligent d. ethical
    6·2 answers
  • -True-False 18. All types of extinguisher can use in any kinds of fire. - True False ​
    13·1 answer
  • Suppose a firm in a competitive market produces and sells 150 units of output and earns $1,800 in total revenue from the sales.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!