Daniel Wellington's stock price is $85 per share. Wellington has 20 billion dollars in total assets. Its balance sheet shows $2 billion in current liabilities, $6 billion in long-term debt, and $12 billion in common equity. It has 800 million shares of common stock outstanding. What is Wellington's market/book ratio?

Daniel Wellington's stock price is $85 per share. Wellington has 20 billion dollars in total assets. Its balance sheet shows $2 billion in current liabilities, $6 billion in long-term debt, and $12 billion in common equity. It has 800 million shares of common stock outstanding. What is Wellington's market/book ratio?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 3P: Winston Watch’s stock price is $75 per share. Winston has $10 billion in total assets. Its balance...

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