A firm has current assets that could be sold for their book value of $28 million. The book value of its fixed assets is $66 million, but they could be sold for $96 million today. The firm has total debt with a book value of $46 million, but interest rate declines have caused the market value of the debt to increase to $56 million. What is the ratio of the market value of equity to its book value? What is this firm's market-to-book ratio? (Round your answer to 2 decimal places.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A firm has current assets that could be sold for their book value of $28 million. The book value of its fixed assets is $66 million, but ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Your local travel agent is advertising an upscale winter vacation package for travel three years from now to Antarctica.
Answers (1)
Which of the following is likely to increase the value of a country's spending? A. The country's imports are higher than its exports. B. The country has high inflation. C. The country has a lot of debt. D. The country has a high interest rate.
Answers (1)
Suppose a state passes a minimum wage law that increases the minimum wage from $5/hour to $20/hour. The equilibrium wage prior to the minimum wage hike was $10/hour.
Answers (1)
What's it called when you look in the internet for medical symptoms?
Answers (1)
The Blooming Flower Co. has earnings of $3.68 per share. a. If the benchmark PE for the company is 18, how much will you pay for the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b.
Answers (1)
New Questions in Business
Near the end of the eighteenth century, the dollar: a. was a nickname for the Spanish Peso. b. was more plentiful than any other coin. c. was customarily used to reckon accounts. d. All of the above are correct.
Answers (1)
The type of vertical marketing system that achieves coordination at successive stages of production and distribution by the size and influence of one channel member rather than through ownership is referred to as Multiple Choice a corporate vertical
Answers (1)
Lopez Sales Company had the following balances in its accounts on January 1, 2018: Cash$68,000 Merchandise Inventory 48,000 Land 108,000 Common Stock 88,000 Retained Earnings 136,000 Lopez experienced the following events during 2018: Sold
Answers (1)
Present value: tracy chapman is saving to buy a house in five years. she plans to put 20 percent down at that time, and she believes that she will need $35,000 for the down payment. if tracy can invest in a fund that pays 9.
Answers (1)
If a firm sells a total of 100 shares of stock, then a. the supply of, and demand for, those shares determine the price per share. b. the firm is engaging in equity finance. c. each share represents ownership of 1 percent of the firm. d.
Answers (1)