Simple PB An analyst collects the following data for a company: • Current stock price = $44.50 • Common stock (issued 90,000 common shares) = $1,700,000 Preferred stock (issued 3,000 preferred shares) = $125,000 Additional paid-in capital = $4,000 • Retained earnings = $60,000 = $1,020,000 • Total shareholders' equity The company's P/B ratio is closest to: Number Round your answer to one decimal
Simple PB An analyst collects the following data for a company: • Current stock price = $44.50 • Common stock (issued 90,000 common shares) = $1,700,000 Preferred stock (issued 3,000 preferred shares) = $125,000 Additional paid-in capital = $4,000 • Retained earnings = $60,000 = $1,020,000 • Total shareholders' equity The company's P/B ratio is closest to: Number Round your answer to one decimal
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 37CE: Stockholder Profitability Ratios The following information pertains to Montague Corporation...
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