Deep Falls Timber stock sold for $6.50 a share as of 2015. What was the...
Deep Falls Timber stock sold for $6.50 a share as of
2015. What was the market-to-book ratio at that time?
1.78
2.22
2.78
3.03
3.22
Homework Answers
Market to book ratio:
= Market price per share/Book value per share
= $6.50/(($220,000+$224,400)/220,000)
= $6.50/$2.02
= 3.22
Hence, correct option is 3.22
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