Lab R Doors' Year-End Price on Its Common Stock Is

Multiple Choice

Lab R Doors' year-end price on its common stock is $40. The firm has total assets of $75 million, the debt ratio is 60 percent, there is no preferred stock, and there are 4 million shares of common stock outstanding. Calculate the market-to-book ratio for Lab R Doors.

A) 2.13
B) 3.20
C) 5.33
D) 10.00