PART III: TOTAL 60 MARKS (3 marks each). Solve the following problems. Value Corp. recently reported earnings of $2 per share and each of their 50,000 shares is currently selling for $20. What is the firm's market-tobook ratio if its book value of equity is $600,000. (Hint: Use 2 decimal points for your calculations.) A. 1.98. B. 2.26. C. 1.66. D. 2.77. E. None of the above. A company has announced $50,000 in net income after paying taxes of $26,000 and interest of $20,000. The company has $600,000 of assets and its sharcholders' equity is 60 percent of assets. Calculate the company's return on equity (ROE) if the company intends to pay $17,000 of net income as dividends. (Hint: Use 4 decimal points for your cal. culations.) A. 13.88%. B. 12.24%. C. 15.66%. D. 10.77%. E. None of the above. What is the debt-to-asset (D/A) ratio for a firm with a total debtto-equity (D/E) ratio of 0.65. (Hint: Use 4 decimal points for your calculations.) A. 32.12%. B. 35.50%. C. 39.39%. D. 37.64% E. None of the above. 4. Phone Corp. current stock price is $84. There are 205 million share: outstanding and the book value of equity is 59,724 million. What is Phone Corp's market-to-book ratio? (Hint: Use 2 decimal points for your calculations.) A. 2.12. B. 1.77. C. 2.57. D. 3.64. E. None of the above