Short Answer
The following financial information was taken from a firm's accounting records on December 31, 2019. Use this information to determine the items below.
Market price of the common stock on December 31, 2019 was $50.
(1.) Ratio of stockholders' equity to total equities
(2.)Ratio of stockholders' equity to total liabilities
(3.) Book value per share of common stock
Correct Answer:

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1. 0.62 to 1; 2. 1.61 to 1; 3....View Answer
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