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Samurai company has 8 500 000 shares issued to shareholders and the shares sell for $1.98 per share, at the

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Samurai company has 8 500 000 shares issued to shareholders and the shares sell for $1.98 per share, at the end of the year. Total shareholders\' equity is equal to $9 300 000.What is market-to-book ratio?\r\n

A) 0.55\r\n

B) 1.09\r\n

C) 1.81\r\n

D) 1.55\r\n

E) 0.91\r\n

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Answer Market to Book Ratio Formula The Market to Book formula i View the full answer


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Related Book For  answer-question
Intermediate Accounting

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: October 18, 2020 02:45:29
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