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Anit [1.1K]
3 years ago
13

MARKET/BOOK RATIO Jaster Jets has $10 billion in total assets. Its balance sheet shows $1 billion in current liabilities, $3 bil

lion in long-term debt, and $6 billion in common equity. It has 800 million shares of common stock outstanding, and its stock price is $32 per share. What is Jasper’s market/book ratio
Business
1 answer:
drek231 [11]3 years ago
8 0

Answer:

4.267 times

Explanation:

The computation of market to book ratio is shown below:

Market to book ratio = (Market price per share) ÷ (book value per share)

where,

Book value per share would be

= (Total common equity) ÷ (number of shares)

= ($6 billion) ÷ (800 million shares)

= $7.5 per share

So, the ratio would be

= $32 ÷ $7.5

= 4.267 times

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AfilCa [17]

Answer and Explanation:

The Journal entry is shown below:-

March 20

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(Being the installation of hydraulic lift and capitalization of installation expenses is recorded)  

November 30

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4 0
3 years ago
Deon is opening a car wash, and he has approached SCORE, a SBA organization that assists small-business owners in setting up the
aivan3 [116]

Answer: Write a business plan

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6 0
3 years ago
Karl Metzger plans to invest $5,000 in a partnership with his brother to produce and sell handcrafted violins, zithers, and othe
Svet_ta [14]

Answer:

A silent partner

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A silent partner is a partner whose liability is limited to the amount invested in the project. Also, a limited partner hardly takes part in the day to day running of the business.

I hope my answer helps you

8 0
3 years ago
How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competiti
Marysya12 [62]
<span>In a monopoly, prices are usually higher
 because there's no competition,
 whereas in a competitive market items which  are not priced orderly may never sell
so correct option is A 
hope it helps

</span>
6 0
3 years ago
Read 2 more answers
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3.Key skills

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