Ask Question
18 September, 01:22

ABD common stock is selling for $36.08 a share. The company has earnings per share of $.34 and a book value per share of $12.19. What is the market-to-book ratio?

5.92

8.71

3.97

7.69

2.96

+3
Answers (1)
  1. 18 September, 03:36
    0
    The market-to-book ratio is: $2.96

    Explanation:

    The market-to-book ratio compares the market value of an organization with its book value. The formula to calculate market-to-book ratio is equal to the market price per share divided by the book value per share. So,

    Market-to-book ratio = $36.08/$12.19

    Market-to-book ratio = $2.96
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “ABD common stock is selling for $36.08 a share. The company has earnings per share of $.34 and a book value per share of $12.19. What is ...” 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