You have gathered the following information: Total Assets = $ 5 0 , 0 0 0 Total

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You have gathered the following information:

Total Assets $=$ $ $50, 000$

Total Liabilities $=$ $ $20, 000$

Net Income $=$ $ $4000$

Number of shares outstanding $= 2000$

Price $/$ Earnings Ratio $= 15$

Based on this information, the Market Value $/$ Book Value ratio is. $($ round answer to $1$ decimal place $)$

Related Book For answer-question

College Algebra

ISBN: 9780134453262

7th Edition

Authors: Robert F Blitzer

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Posted Date: Mar 16, 2024 03:18 AM

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You have gathered the following information: Total Assets = $ 5 0 , 0 0 0 Total

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To calculate the Market ValueBook Value ratio we need to determine the market ... View the full answer

College Algebra

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