A firm has current assets that could be sold for their book, Financial Management

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A firm has current assets that could be sold for their book

A firm has current assets that could be sold for their book value of $10 million. The book value of its fixed assets is $60 million, but they could be sold for $90 million today. The firm has total debt with a book value of $40 million, but interest rate declines have caused the market value of the debt to increase to $50 million. What is this firm’s market-to-book ratio? (Round your answer to 2 decimal places.)

Market-to-book ratio

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Financial Management: A firm has current assets that could be sold for their book

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Financial Management: A firm has current assets that could be sold for their book

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