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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

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Answer:

Post split Shares: 800,000

Post split par value: $0.25

Explanation:

Stock split seeks to increase the number of shares available for trading on the exchange thus increasing the liquidity. Stock split of 4 for 1 increases the shares by 4 times e.g. every holder of 1 share will receive total of 4 new shares. Thus the shares will increase to 4 times: (200,000 * 4) = 800,000.

Post split share price is calculated by dividing par value to the proposed split.

($1 / 4) = $0.25 per share.

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3 years ago
2. The La Salle Bus Company has decided to purchase a new bus for $95,000 with a trade-in of their old bus. The old bus has a BV
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Answer:

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9 recovery period years class

b.

$8,889 per year

Explanation:

a.

Buses are 9 years recovery period class , in which it is depreciated using historical method and it has 5 years GDS class life.

b.

Straight Line depreciation is a method of depreciation in which the cost of the asset net of residual value is divided over useful life.

We will depreciate this asset for only 9 years because it has 9 years class, even it will be kept for 10 years but the depreciation charged for 9 years.

Depreciation rate = ( Cost - Salvage Value ) / useful life = ($95,000 - $15,000) / 9 = $8,889

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Culture is known to be the way of life of people in a particular place. In cultures that are high in uncertainty avoidance is one where orderliness, consistency, and structure are important.

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People who have high uncertainty avoidance cultures often capitalizes on strict orderliness and consistency in behavior.

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3 years ago
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Susan put her savings into a mutual fund that paid a nominal interest rate of 3 percent a year at the beginning of 2005. the cpi
Ksju [112]

Answer:

-0.11% per year

Explanation:

Here, we want to calculate real interest rate.

Firstly, we calculate the inflation rate

mathematically the inflation rate = (cpi at the end of year - cpi at the beginning of year)/cpi at the beginning of year * 100%

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real interest rate = 3% - 3.11% = -0.11%

This means that the real interest rate earned by sally is -0.11% per year

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