Crindle Canada's stock price at the end of last year was $133.50,and its book value per share was $75.00.What was its market/book ratio?
A)1.34
B)1.78
C)1.48
D)1.55

Question

Quizplus · Accepted Answer

To calculate the market/book ratio, you divide the stock price by the book value per share. Therefore, the market/book ratio for Crindle Canada is 133.50/75.00 = 1.78. The best choice is B.

Crindle Canada's Stock Price at the End of Last Year