(Market value analysis) Lei Materials' balance sheet lists total assets of $1.21 billion, $135 million in current liabi...

Question

Question

(Market value analysis) Lei Materials balance sheet lists total assets of $1.21 billion, $135 million in current liabilities

Answer 1

Answer #1

Current stock price = $47.73

Number of shares = 52 million

Hence, market value = current stock price * number of shares = 47.73*52 = $2481.96 million

Book Value = Common Equity = $637 million

Hence, Market to Book ratio = Market Value / Book Value = 2481.96/637 = 3.90

Answer 2

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