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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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faust18 [17]

Answer:

$150,000

Explanation:

$150,000

The failure to accrue warranty expense is an accounting error. It gives rise to a Prior period adjustment in the year of discovery (20x3).

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3 years ago
If the owner of a condominium defaults on his mortgage, the owners of the remaining units: become subject to foreclosure. must i
vladimir1956 [14]

Answer:

Are not affected by the defaulting owner’s actions

Explanation:

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7 0
3 years ago
ANSWER ASAPP. Changes in monetary policy occur when the Federal Reserve 1.adjusts business laws to affect the money supply. 2.ch
finlep [7]

Answer:

D

Explanation:

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Adjusting the rate of interest can only be done by the Federal Reserve.

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4 0
3 years ago
PLEASE HELP ME!!!<br> How are mental, physical, and financial health related? Three sentences
cricket20 [7]

Answer:

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3 years ago
One year after graduating from college, sam earned $42,000. each year, he earned $4000 more. what function, written in sequence
Shalnov [3]
Sam has $42,000 one year after graduating. So when he graduates from college, he would have $38,000.

The answer would be:
an=4,000n+38,000

Hope this helps!
6 0
3 years ago
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