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svetoff [14.1K]
3 years ago
14

ABD common stock is selling for $36.08 a share. The company has earnings per share of $.34 and a book value per share of $12.19.

What is the market-to-book ratio?
5.92

8.71

3.97

7.69

2.96
Business
1 answer:
Morgarella [4.7K]3 years ago
5 0

Answer:

The market-to-book ratio is: $2.96

Explanation:

The market-to-book ratio compares the market value of an organization with its book value. The formula to calculate market-to-book ratio is equal to the market price per share divided by the book value per share. So,

Market-to-book ratio= $36.08/$12.19

Market-to-book ratio = $2.96

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The beginning Cash account balance is $38,700. During the period, cash disbursements (outflows) totaled $144,600.
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                                                                                  Amount in $

Beginning Cash account balance                           38,700

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Cash inflows                                                           <u>     xxxx        </u>

Ending balance                                                      <u>     51,200     </u>

<u />

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