Meyersdale office supplies has common equity of 40 million, Finance Basics

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Meyersdale office supplies has common equity of 40 million

Meyersdale Office Supplies has common equity of $40 million. The company's stock price is $80 per share and its market/book ratio is 4.0. How many shares of stock does the company have outstanding?

a. 500,000

b. 125,000

c. 2,000,000

d. 800,000,000

e. Insufficient information.

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Finance Basics: Meyersdale office supplies has common equity of 40 million

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Finance Basics: Meyersdale office supplies has common equity of 40 million

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