Multiple Choice
Dandelion Fields has a Tobin's Q of .96. The replacement cost of the firm's assets is $225,000 and the market value of the firm's debt is $109,000. The firm has 20,000 shares of stock outstanding and a book value per share of $2.09. What is the market to book ratio?
A) 2.56 times
B) 3.18 times
C) 3.54 times
D) 4.01 times
E) 4.20 times
Correct Answer:
Verified
Correct Answer:
Verified
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