Makers Corp. had additions to retained earnings for the year just ended of $285,000. The firm paid out $180,000 in cash dividends, and it has ending total equity of $4.85 million. The company currently has 150,000 shares of common stock outstanding.     If the stock currently sells for $79 per share, what is the market-to-book ratio?

Principles of Accounting Volume 1
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Chapter14: Corporation Accounting
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Problem 23EB: Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000...
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Makers Corp. had additions to retained earnings for the year just ended of $285,000. The firm paid out $180,000 in cash dividends, and it has ending total equity of $4.85 million. The company currently has 150,000 shares of common stock outstanding.

 

 

If the stock currently sells for $79 per share, what is the market-to-book ratio?

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