A firm reported $250 million in total assets and $140 in debt. It had no interest-bearing securities
Question:
A firm reported $250 million in total assets and $140 in debt. It had no interest-bearing securities among its assets. In the income statement it reported $560 million in sales. The firm’s 80 million shares traded at $7 each. Calculate
a. The price-to-book ratio (P/B)
b. The unlevered price-to-sales ratio (P/S)
c. The enterprise price-to-book ratio
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
Market price of equity 80 7 560 million Market value of deb...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Charter Enterprises currently has $1 million in total assets and is totally equity financed. It is contemplating a change in its capital structure. Compute the amount of debt and equity that would be...
-
Viella Now Company had $400,000 in total assets and $105,000 in operating profit this year, and the company requires at least a 11% return on assets. Compute Viella Nows residual income.
-
For a firm with $3 million in total assets, $400,000 in net income, and $150,000 in dividend payments, first calculate the maximum rate of growth in sales without tapping external sources of funds....
-
10. A light cord is wrapped around a wheel, R = 0.10 m and rotational inertia I about its axis and is attached to mass, m = 2 kg, see about its fixed axis and the object accelerates downward, (take g...
-
On April 16, 2012, Adam and Renee Tyler jointly filed a 2011 return that reported AGI of $68,240 ($20,500 attributable to Renee) and a tax liability of $3,050. They paid this amount in a timely...
-
A box slides down a ramp and work is done on the box by the forces of gravity and friction. Can the work of each of these forces be expressed in terms of the change in a potential energy function?...
-
Presented here are nine transactions and the analysis used to account for them. Evaluate each of the suggested accounting treatments and indicate whether it is true or false. 1. Received cash of...
-
Julia Robertson is a senior at Tech, and she's investigating different ways to finance her final year at school. She is considering leasing a food booth outside the Tech stadium at home football...
-
Shoe Inc manufactures two types of summer sandals: bamboo and leather. The costs and financial data for both lines of sandals are shown in the table below. The company sells all sandals that it...
-
A firm with 100 million shares outstanding repurchased 10 million shares at the market price of $20 per share. What is the total market value of the equity after the repurchase? What is the per-share...
-
a. A firm issues a zero-coupon bond with a face value of $1,000, maturing in five years. Bonds with similar risk are currently yielding 5 percent per year. What is the value of the bond? b. A firm...
-
1. Why wasnt money an adequate remedy in this case? 2. What does Wilcox mean when he alleges that Shollmier engaged in collusion? 3. How could Wilcox have prevented the property from being sold below...
-
A mutation changes a codon that specifies tyrosine into a stop codon. This type of mutation is a a. missense mutation. b. nonsense mutation. c. frameshift mutation. d. neutral mutation.
-
A release factor is referred to as a molecular mimic because its structure is similar to that of a. a ribosome. b. an mRNA. c. a tRNA. d. an elongation factor.
-
Homologous recombination refers to the exchange of DNA segments that are a. similar or identical in their DNA sequences. b. in close proximity to one another. c. broken due to ionizing radiation. d....
-
Would a mutation that inactivated lac repressor and prevented it from binding to the lac operator site result in the constitutive expression of the lac operon under all conditions? Explain. What is...
-
Which of the following may be used as a vector in a gene-cloning experiment? a. mRNA b. Plasmid c. Virus d. Either b or c
-
What are the emerging submarkets in the adult snack food industry? What are the alternative responses available to confectionery and snack companies such as Cadbury and Walkers, assuming they want to...
-
You are a U.S. investor who purchased British securities for 2,000 one year ago when the British pound cost U.S. $1.50. What is your total return (based on U.S. dollars) if the value of the...
-
The half-life of uranium-235, the major radioactive component of naturally occurring uranium, is 7.04 10 8 years. (a) What is the rate constant for the radioactive decay of uranium-235, in y -1 and...
-
Q1 McDonalds is the worlds (________ / #2) restaurant chain when measured by (________/ # of units) and has more than 32,000 restaurants in more than 120 countries. Q2. In regard to assets, this...
-
Q1. Analyze the financial attributes of the four corporations on the previous page by placing an X in the box when the company has the characteristics noted below. Q2. Use the descriptions below to...
-
Q1. How many accounts listed are Current Assets? (1 / 3 / ______) Property, Plant, and Equipment? (______ / 3 / 5) Goodwill and Intangibles? (______ / 3 / 5) Other Assets? (1 / 2 / 5) Q2. What is the...
-
Kain Nusantara Company sells imported fabrics from Indonesia. The supply of fabrics will be delivered by ship through Pasir Gudang Port. The company expects the annual demand is 21,600 rolls of...
-
The standard of care (SOC) for monitoring patients with cardiac resynchronization therapy with implantable cardioverter-defibrillator (CRT-D) is conventional monitoring. Conventional monitoring...
-
This project requires you to identify, analyse and classify cost transactions, record the transactions in the accounts and prepare cost reports in accordance with the organisational policies and...
Study smarter with the SolutionInn App