Last Year, a corporation had a book value of equity of $363.39 million of USDs, 11.32 million shares outstanding,and a market price of $44.36 per share. The corporation also had cash of $4.28 million of USDs, and total debt of $390.16 million USDs. What was the corporation's market - to - book ratio?

Last Year, a corporation had a book value of equity of $363.39 million of USDs, 11.32 million shares outstanding,and a market price of $44.36 per share. The corporation also had cash of $4.28 million of USDs, and total debt of $390.16 million USDs. What was the corporation's market - to - book ratio?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 13P

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