Multiple Choice
A firm has net income of $18,000 and a book value per share of $2.10. The firm has 30,000 shares of stock outstanding and a price-earnings ratio of 15.9. What is the price-book ratio?
A) 1.7
B) 2.4
C) 2.7
D) 4.5
E) 5.1
Correct Answer:
Verified
Correct Answer:
Verified
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