Parker's Meats Has Total Assets of $411,900,a Price-Earnings Ratio of 8.4,a

Multiple Choice

Parker's Meats has total assets of $411,900,a price-earnings ratio of 8.4,a debt-equity ratio of .65,and earnings per share of $1.22.What is the market to book ratio if there are 45,000 shares of stock outstanding?

A) 1.85 times
B) .79 times
C) 2.24 times
D) 5.46 times
E) 2.80 times