In its fiscal 2022, data storage company NOTA Inc. reported that it had 267.9 million shares outstanding,

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In its fiscal 2022, data storage company NOTA Inc. reported that it had 267.9 million shares outstanding, selling at a price of around $68 per share. On the company's balance sheet, the value of the common stock was reported as $2.067 billion.

a. Determine the market/book ratio of NOTA.

b. What does this ratio mean?

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Financial statements

ISBN: 978-007802531

5th Edition

Authors: Stephen Barrad

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Posted Date: Dec 06, 2023 12:31 AM

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In its fiscal 2022, data storage company NOTA Inc. reported that it had 267.9 million shares outstanding,

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Expert Answer:

a To determine the marketbook ratio of NOTA Inc we need to calculate the market value of the company... View the full answer

Financial statements

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