Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a frm has current assets that could be sold for th

A frm has current assets that could be sold for their book value of $26...

90.2K

Verified Solution

Question

Finance

image
A frm has current assets that could be sold for their book value of $26 milion. The book value of its fixed assets is $65 million, but they could be sold for $95 million today. The firm has total debt with a book value on $45 milion, but interest rate dedines have caused the market value of the debt to increase to $55 million. What is the ratio of the market value of equity to its book value? (Round your answer to 2 decimal places) Market-to-book ratio

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

(1 point) An insurance company states that at least 86% of its claims are settled within...

Statistics
Q

Which of the following would cause the lungs to collapse? a- Intrapleural pressure is lower than...

Medical Sciences
Q

draw the mechanism for aldolase with glucose-6-phosphate that indicates why glucose-6-phosphate is not an appropriate substrate in...

Biology
Q

Two polaroids are placed in the path of unpolarized 16 beam of intensity I such...

Physics
Q

A generator feeds power to an infinite bus through a double circuit transmission line A...

Physics
Q

016 part 1 of 2 10 0 points Several light bulbs are connected in series...

Physics
Q

You deposit $3000 each year into an account earning 6% interest compounded annually. How much...

Basic Math
Q

Find the exact value of each trigonometric expression a cos 1 2 3 2 3...

Basic Math
Q

Alleyway Corp. manufactures two styles of leather bowling bag, the Strike and Turkey. Budgeted production...

Accounting
Q

Kennedy's Company's statement of cash flows reported cash inflows from operating activities of $80,000 and...

Accounting
Q

Question 70 of 100 10:59 MA Bill and Edna are married and file a joint...

Accounting
Q

Comprehensive Problem 2 - St of Cash Flows and Ratios Algo C....

Accounting