FREE Trial

Lory Company has a total debt to total assets ratio of 45% and a current ratio of

Question:

Lory Company has a total debt to total assets ratio of 45% and a current ratio of 4.1. The firm's stock sells for $ 71.0 per share. The total market value of the equity is $ 43.6 million. The market-to-book ratio is 6.0. What is the book value per share?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 30% (10 reviews)

Market to Book value ratio 60 Market Value 436 ...View the full answer


answer-question-section
Answered By
tutor-profile-image
Benard Ndini Mwendwa
I am a graduate from Kenya. I managed to score one of the highest levels in my BS. I have experience in academic writing since I have been working as a freelancer in most of my time. I am willing to help other students attain better grades in their academic portfolio. Thank you.
4.90+ 107+ Reviews 240+ Question Solved
Related Book For  book-img-for-question
Intermediate Accounting

Intermediate Accounting

ISBN: 978-1118300855

10th Canadian Edition Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

See More Books
Question Posted:
See More Questions

Students also viewed these Corporate Finance questions

The ACT Math And Science System A Step By Step First Things First Systematized Secret Free No Gimmicks No Tricks No Wasted Time Guide To The ACT Math And Science Tests 450 Plus Practice Question 1st Edition - ISBN: B0CJ48F2NW - Free Book