Shares of common stock outstanding
Greene Inc.'s balance sheet shows stockholders' equity value of $759,400. The firm's earnings per share was $2.95, resulting in price or earnings ratio of 12.41X. There're 53,000 shares of common stock outstanding. Determine the price/book ratio?
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The firm's earnings per share was $2.95, resulting in price or earnings ratio of 12.41X. There're 53,000 shares of common stock outstanding. Determine the price/book ratio?
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