Question

 Lei​ Materials' balance sheet lists total assets of $ 1.46 ​billion, $ 149 million in current​...

 Lei​ Materials' balance sheet lists total assets of

$ 1.46

​billion,

$ 149

million in current​ liabilities,

$ 468

million in​ long-term debt,

$ 843

million in common​ equity, and

51

million shares of common stock. If​ Lei's current stock price is

$ 47.12

​,

what is the​ firm's market-to-book​ ratio?

The​ market-to-book ratio is

nothing

.

0 0
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Answer #1

Book value per share=$843 million/$51 million shares

=16.53(Approx).

Market to book ratio=Market value/Book value per share

=47.12/16.53

=2.85(Approx).

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