Mountain Top Markets has total assets of $48,700,net working capital of $1,100,and retained earnings of $21,200.The firm has 12,500 shares of stock outstanding with a par value of $1 per share and a market value of $7.10 per share.The stock was originally issued to the firm's founders at par value.What is the market-to-book ratio?
A)3.19
B)2.22
C)2.78
D)3.03
E)2.63

Question

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The Answer of Mountain Top Markets has total assets of $48,700,net working capital of $1,100,and retained earnings of $21,200.The firm has 12,500 shares of stock outstanding with a par value of $1 per share and a market value of $7.10 per share.The stock was originally issued to the firm's founders at par value.What is the market-to-book ratio?
A)3.19
B)2.22
C)2.78
D)3.03
E)2.63

Mountain Top Markets Has Total Assets of $48,700,net Working Capital