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Sav [38]
3 years ago
12

Use the following information for ECE incorporated: Assets $200 million Shareholder Equity $100 million Sales $300 million Net I

ncome $15 million Interest Expense $2 million If ECE's stock is currently trading at $24.00 and ECE has 25 million shares outstanding, then ECE's market-to-book ratio is closest to: Group of answer choices
Business
1 answer:
krek1111 [17]3 years ago
4 0

Answer:

6%

Explanation:

Calculation for ECE's market-to-book ratio

Using this formula

Market-to-book ratio = (MV Equity)/(BV Equity)

Let plug in the formula

Market-to-book ratio = ($24 x 25 million)/100 million

Market-to-book ratio = 6%

Therefore ECE's market-to-book ratio is closest to 6%

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Answer:

Lack of competition

Explanation:

A centrally planned economy lack competitiveness. The government decides what to produce, the price, and the distribution channel. Because of these restrictions, there is no motivation for profits. Without competition, a centrally planned economy will have the following features.

  1. There be a lot of inefficiency and wastefulness.
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When a market researcher has reported data, statistics, and information that are not consistent with a study's objectives, the r
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The answer is the D

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The advertising department for the Pennzoil Corporation is working on a print advertisement for a new product. At this point, th
Feliz [49]

Answer:

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But even in Coke ads, the sponsor must be identified, that is why the signature is necessary and it is generally placed in the bottom part of the ad written in a very small letter.

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Potential for credit damage.

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A company's product is very complex, and there is value in having employees develop deep expertise in each aspect of the product
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<h3>What is a functional organization structure?</h3>

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Find out more on functional organizational structures at brainly.com/question/14700402.

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