Hoagland Corp's stock price at the end of last year was $33.50,and its book value per share was $25.00.What was its market/book ratio?
A)1.34
B)1.41
C)1.48
D)1.55
E)1.63

Question

Quizplus · Accepted Answer

The market/book ratio is calculated by dividing the market price per share by the book value per share. In this case, the market price per share is $33.50 and the book value per share is $25.00, so the market/book ratio is $33.50/$25.00 = 1.34.

Hoagland Corp's Stock Price at the End of Last Year