Lancaster Bakery Has Net Fixed Assets of $329,700,current Assets of $87,200,a

Multiple Choice

Lancaster Bakery has net fixed assets of $329,700,current assets of $87,200,a price-earnings ratio of 12.8,a debt-equity ratio of 0.42,and earnings per share of $1.97.What is the market-to-book ratio if there are 36,000 shares of stock outstanding?

A) 3.09 times
B) 2.79 times
C) 2.24 times
D) 3.46 times
E) 3.80 times