What is the market-to-book ratio

Reference no: EM13273046

ABC's balance sheet indicates a book value of shareholders' equity of $788,900. The firm's earning per share are $2.9 and the price-earnings ratio is 9.15. If there are 49,533 shares outstanding, what is the market-to-book ratio? Enter your answer rounded off to two decimal points. Hint: Market value per share is same as market price per share.

Reference no: EM13273046

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