Below are some financial statistics for Google, the Web search engine provider, and Burlington Northern Santa Fe,
Question:
Below are some financial statistics for Google, the Web search engine provider, and Burlington Northern Santa Fe, a large North American railroad (all numbers in thousands, except per share amounts).
a. Determine the price-book ratio for each company. Round to two decimal places.
b. Explain the difference in the price-book ratio between the twocompanies.
Transcribed Image Text:
Total stockholders' equity, Dec. 31, 2004 Common shares outstanding, Dec. 31, 2004 Market price, Dec. 31, 2004 Google $2,929,056,000 $193 per share Burlington Northern Santa Fe 59,311,000,000 376,800,000 47 per share 193,176,000
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a b Google has a pricebook ratio of 1273 while Burlington has a pricebook ratio of only 190 The mark...View the full answer
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Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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