Question: High Road Transport has a current stock price of $5.60. For the past year, the company had net income of $287,400, total equity of $992,300,


    • High Road Transport has a current stock price of $5.60. For the past year, the company had net income of $287,400, total equity of $992,300, sales of $1,511,000, and 1,500,000 shares outstanding. What is the market-to-book ratio?

      Group of answer choices

      3.54

      4.47

      8.47

      3.81

      3.99

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