About the market and book ratio

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Reference no: EM131048531

ABC Co. generated $15.1 billion in sales last fiscal year. At FYE, ABC’s balance sheet showed that the company has $12 billion in total assets, of which $7.3 are current assets. Its balance sheet further shows $2.5 billion in current liabilities, $3 billion in long-term debt, and $6.5 billion in common equity. It has 300 million shares of common stock outstanding, and its stock price is $50 per share. What is ABC's market/book ratio? Select one: a. 2.31x b. 1.87x c. 2.92x d. 1.26x

Reference no: EM131048531

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