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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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