Question: Use the following information in the table below to answer the question. Nero Nero BLANC BLANC Financial year ending 2018 2019 2018 2019 market price

Use the following information in the table below to answer the question.

Nero Nero BLANC BLANC

Financial year ending 2018 2019 2018 2019

market price $32.73 $36.47 $35.46 $36.06

total shares outstanding 5,000,000 6,000,000 5,000,000 6,000,000

net income $7,262,091,27 $7,430,813,02 $7,189,067,16 $7,147,851,81

total shareholder's equity $58,500,000,00 $60,500,000,00 $63,000,000,00 $68,500,000,00

Based on the information given a) what is the Accounting Return on Equity for Nero in 2019

b) the price to book ratio for Blanc in 2019

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