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A firm has 20 million outstanding shares and the current stock price is $6.7. The...

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A firm has 20 million outstanding shares and the current stock price is $6.7. The balance sheet of the firm is provided below (all numbers are in $millions). Compute the P/B ratio. Current Assets Cash, Marketable securities Accounts receivables, Inventories Other receivables 20 11 2 Current Liabilities Short-term interesting bearing debt Accounts payables Income tax payables 16 6 2 Non-Current Liabilities Non-Current Assets Property Plant and Equipment (PPE) 20 16 Goodwill, Other intangible assets Marketable securities Deferred tax assets 45 Long-term interesting bearing debt Deferred tax liabilities, other 9 payables 11 2 Common Equity Common stock Retained Equity 25 15 Total Assets 100 Total Liabilities and Equity 100

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