Question: Problem 3-40 Market Value Ratios [LO2] Allison & Co. and Bee, Inc. reported the following numbers (in millions) for fiscal year 2014. Allison & Co.
Problem 3-40 Market Value Ratios [LO2]
Allison & Co. and Bee, Inc. reported the following numbers (in millions) for fiscal year 2014.
| Allison & Co. | Bee, Inc. | ||||||
| Net income | $ | 595.70 | $ | 217.24 | |||
| Shares outstanding | 87.17 | 57.22 | |||||
| Stock price | $ | 92.59 | $ | 37.26 | |||
| Total equity | $ | 1,738.30 | $ | 959.48 | |||
Calculate the earnings per share, market-to-book ratio, and priceearnings ratio for each company. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
| Allison & Co. | Bee, Inc. | |||||
| Earnings per share | $ | times | $ | times | ||
| Market-to-book ratio | times | times | ||||
| Priceearnings ratio | times | times | ||||
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