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Use the Following Information for ECE Incorporated

Question 7

Multiple Choice

Use the following information for ECE incorporated:
Assets $200 million
Shareholders' Equity $100 million
Sales $300 million
Net Income $15 million
Interest Expense $2 million
-If ECE's shares are currently trading at $24.00 and ECE has 25 million shares outstanding, then ECE's market-to-book ratio is closest to:


A) 0.24
B) 4
C) 6
D) 30

Correct Answer:

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