Green Recycling, Inc., has 150,000 shares of stock outstanding. The firm has total assets of $568,000 and total liabilities of $415,000. The firm's stock is selling for $31 a share. What is the price-book ratio?
A) 22.3
B) 26.5
C) 27.5
D) 30.4
E) 37.8
Correct Answer:
Verified
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