TI Stock Price from 12/30/2022 is $165.22/share. Calculate TI's Market to Book Ratio. Round your answer...

Transcribed Image Text:

TI Stock Price from 12/30/2022 is $165.22/share. Calculate TI's Market to Book Ratio. Round your answer to two decimal points. Hints: (1) Calculate shares outstanding: # shares shown by common stock account on balance sheet MINUS the # shares repurchased shown by treasury stock on the balance sheet. (2) Calculate market value of equity: Multiply stock price of $165.22 by # Shares outstanding calculated in Hint 1 (3) Calculate market-to-book ratio: Divide market value of equity from Hint 2 by book value of equity which is equal to total shareholders' equity on the balance sheet. Remember to round your answer to two decimal points, e.g. 9.28 TI Stock Price from 12/30/2022 is $165.22/share. Calculate TI's Market to Book Ratio. Round your answer to two decimal points. Hints: (1) Calculate shares outstanding: # shares shown by common stock account on balance sheet MINUS the # shares repurchased shown by treasury stock on the balance sheet. (2) Calculate market value of equity: Multiply stock price of $165.22 by # Shares outstanding calculated in Hint 1 (3) Calculate market-to-book ratio: Divide market value of equity from Hint 2 by book value of equity which is equal to total shareholders' equity on the balance sheet. Remember to round your answer to two decimal points, e.g. 9.28

Answer rating: 100% (QA)

Lets go through the calculations step by step Given TI Stock Price on 12302022 16522share Step 1 ... View the full answer