What is the firm market-to-book ratio

Assignment Help Finance Basics
Reference no: EM131752625

Lei Materials' balance sheet lists total assets of $1.16 billion, $132 million in current liabilities, $415 million in long-term debt, $613 million in common equity, and 58 million shares of common stock. If Lei's current stock price is $52.08, what is the firm's market-to-book ratio? (Round to one decimal place.)

Reference no: EM131752625

Questions Cloud

Projected after tax earnings after completion of the project : What are the projected after tax earnings after completion of the project. Thanks for your assist.
Project eps after completion of the project : The tax rate is 40% projected earnings after completion of the project are $2million and shares outstanding are 200,000.
Which best describes an on-line real-time process : Which best describes an on-line real-time process General Ledger System
Describe any specific needs that the given devices will have : Describe any specific needs that any one of those devices will have (for example, iPad will require Wifi network). Describe your specific network requirements.
What is the firm market-to-book ratio : If Lei's current stock price is $52.08, what is the firm's market-to-book ratio? (Round to one decimal place.)
What does arnold record as the cost of the new truck : Arnold company purchases a new delivery truck $40,000. The sales taxes are $2500. The lego of the truck company is painted on the side of the truck for.
Compute the amount that should be reported : In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct and indirect method
What will the price be for this bond in 5 years : Let's assume that in 5 years, the YTM on this increases to 6.45%. What will the price be for this bond in 5 years?
Standards for the direct costs of one unit of product : Arrow industries employs a standard cost system in which direct materials inventory is carried at standard cost. Arrow has established the following standards.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd