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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?

Respuesta :

Answer:

2.9598  : 1

Explanation:

Given:

Selling price per share = $36.08

Earning per share = $0.34

Book value per share = $12.19

Market-to-book ratio = ?

Computation of market-to-book ratio:

Market-to-book ratio = market value per share (selling price) / book value per share

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

Market-to-book ratio= 2.9598  

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