Multiple Choice
A firm has 5,000 shares of stock outstanding, sales of $6,000, net income of $800, a price-earnings ratio of 10, and a book value per share of $.50. What is the market-to-book ratio?
A) 1.6
B) 2.4
C) 3.0
D) 3.2
E) 3.6
Correct Answer:
Verified
Correct Answer:
Verified
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