Business, 30.10.2020 18:00 huangjianhe135
A firm has current assets that could be sold for their book value of $16 million. The book value of its fixed assets is $55 million, but they could be sold for $85 million today. The firm has total debt with a book value of $35 million, but interest rate declines have caused the market value of the debt to increase to $45 million. What is this firm's market-to-book ratio? (Round your answer to 2 decimal places.)
Answers: 2
Another question on Business
Business, 22.06.2019 00:00
Which statement is true of both presidential and parliamentary systems of government? a. the executive branch operates independently from the legislative branch. b. the members of the legislative branch are directly elected by the people. c. the head of government is chosen by members of his or her political party. d. the head of government is directly elected by the people
Answers: 1
Business, 22.06.2019 13:10
Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock
Answers: 1
Business, 22.06.2019 15:40
The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
Answers: 2
Business, 22.06.2019 17:40
Because the demand for wheat tends to be inelastic. true or false
Answers: 1
You know the right answer?
A firm has current assets that could be sold for their book value of $16 million. The book value of...
Questions
Mathematics, 01.03.2021 20:50
Social Studies, 01.03.2021 20:50
Mathematics, 01.03.2021 20:50
Health, 01.03.2021 20:50
Mathematics, 01.03.2021 20:50
Mathematics, 01.03.2021 20:50
Health, 01.03.2021 20:50
Mathematics, 01.03.2021 20:50
English, 01.03.2021 20:50
