The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.
-What is the firm's market-to-book ratio?
A) 0.66
B) 0.78
C) 0.92
D) 1.08

Question

The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. 
-What is the firm's market-to-book ratio?
A) 0.66 
B) 0.78 
C) 0.92 
D) 1.08

Quizplus · Accepted Answer

The market-to-book ratio is calculated by dividing the market value per share by the book value per share. Without specific values provided, the correct answer is assumed to be D) 1.08 based on the context of the question.

The Balance Sheet and Income Statement Shown Below Are for Pettijohn