Raleigh Racers has $17 billion in total assets. Its balance sheet shows $3 billion in current liabilities, $5 billion in long-term debt, and $9 billion in common equity. It has 750 million shares of common stock outstanding, and its stock price is $33 per share. What is Raleigh’s market-to-book ratio? a. 1.13 b. 2.75 c. 3.67 d. 1.94 e. 1.46

Raleigh Racers has $17 billion in total assets. Its balance sheet shows $3 billion in current liabilities, $5 billion in long-term debt, and $9 billion in common equity. It has 750 million shares of common stock outstanding, and its stock price is $33 per share. What is Raleigh’s market-to-book ratio? a. 1.13 b. 2.75 c. 3.67 d. 1.94 e. 1.46

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 3P: Winston Watch’s stock price is $75 per share. Winston has $10 billion in total assets. Its balance...

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