Winston Washerss stock price is $75 per share. Winston has $10 billion in total assets. Its balance

Question:

Winston Washers’s stock price is $75 per share. Winston has $10 billion in total assets. Its shows $1 billion in current liabilities, $3 billion in long-term debt, and $6 billion in common equity. It has 800 million shares of outstanding. What is Winston’s market/book ratio?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...