Question: Please answer question and show all work. Thanks! 50. A firm has 12,000 shares of stock outstanding, sales of $638,100, a profit margin of 8.2

Please answer question and show all work. Thanks!

50. A firm has 12,000 shares of stock outstanding, sales of $638,100, a profit margin of 8.2 percent, a tax rate of 35 percent, a price-earnings ratio of 11.3, and a book value per share of $7.98. What is the market-to-book ratio? A.6.08 B. 5.42 C. 5.16 E. 6.90

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