Lab R Doors' year-end price on its common stock is $40. The firm has total assets of $75 million, the debt ratio is 60 percent, there is no preferred stock, and there are 4 million shares of common stock outstanding. Calculate the market-to-book ratio for Lab R Doors.
A) 2.13
B) 3.20
C) 5.33
D) 10.00

Question

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The Answer of Lab R Doors' year-end price on its common stock is $40. The firm has total assets of $75 million, the debt ratio is 60 percent, there is no preferred stock, and there are 4 million shares of common stock outstanding. Calculate the market-to-book ratio for Lab R Doors.
A) 2.13
B) 3.20
C) 5.33
D) 10.00

Lab R Doors' Year-End Price on Its Common Stock Is