High Road Transport has a current stock price of $5.60.For the past year, the company had net income of $287,400, total equity of $992,300, sales of $1,511,000, and 750,000 shares outstanding.What is the market-to-book ratio?
A)3.54
B)3.81
C)3.99
D)4.47
E)4.23

Question

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The Answer of High Road Transport has a current stock price of $5.60.For the past year, the company had net income of $287,400, total equity of $992,300, sales of $1,511,000, and 750,000 shares outstanding.What is the market-to-book ratio?
A)3.54
B)3.81
C)3.99
D)4.47
E)4.23

High Road Transport Has a Current Stock Price of $5