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juin [17]
3 years ago
7

BK Trucking has total equity of $25,380 and 1,500 shares outstanding.Its stock is currently selling at $38 per share. What is th

e market-to-book ratio?
Business
1 answer:
rjkz [21]3 years ago
6 0

Answer:

2.25 times

Explanation:

The computation of the market-to-book ratio is shown below:

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

where,

Market price per share = $38 per share

And, the book value per share

= Total equity ÷ outstanding shares

= $25,380 ÷ 1,500 shares

= $16.92

So, the market to book ratio would be

= $38÷ $16.92

= 2.25 times

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