Answer:
The price/book ratio is 2.45
This price/book ratio indicates that the Chang, Inc company has 2.45 higher market value of the stock than the book value of the equity
Explanation:
For computing the price/book ratio, we have to apply the formula which is shown below:
= Market price of equity ÷ book value of equity
where,
the market value of equity = firm's earnings per share × price/earnings ratio × number of outstanding common stock shares
= $3.00 × 12.25 × 50,000 shares
= $1,837,500
And, the book value of equity is $750,500
Now put these values to the above formula
So, the answer would be equal to
= $1,837,500 ÷ $750,500
= 2.45
This price/book ratio indicates that the Chang, Inc company has 2.45 higher market value of the stock than the book value of the equity
The two things that should be important for finishing the initial mortgage loan application are the purchase price of the home, present debts & credit history.
The following information should be considered:
- The above two things should be important as it helps in determining the loan amount & credit history for determining the credit score.
- Also, the insurance money & money in the saving account should not be important also the income proof is required at a later stage for the loan security.
Therefore we can conclude that the two things that should be important for finishing the initial mortgage loan application are the purchase price of the home, present debts & credit history.
Learn more about the loan here: brainly.com/question/11794123
You receive a tax refund from the IRS if your tax liability is less than the tax you paid for a fiscal year. This means that the tax you owe is less than what you paid for your taxes. Another circumstance is when you are entitled to tax credits
Answer:
$883,74
Explanation:
The amount that would result after 4 years is called the Future Value (FV). this is calculated using Time Value of Money Techniques.
Using a Financial Calculator, this will be calculated as follows :
PV = $700
N = 4
I = 6%
PMT = 0
P/YR = 1
FV = ?
Entering the values as shown gives a Future Value (FV) of $883,74.
