Question: Greene Inc s balance sheet shows a stockholders equity book value
Greene Inc.’s balance sheet shows a stockholders’ equity book value (total common equity) of $ 750,500. The firm’s earnings per share were $ 3, resulting in a price/ earnings ratio of 12.25X. There are 50,000 shares of common stock outstanding. What is the price/ book ratio? What does this indicate about how shareholders view Greene Inc.?
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