Market Value Ratios Lab R Doors' year-end price on its common stock is $40.The firm has total assets of $75 million,the debt ratio is 60 percent,there is no preferred stock,and there are 4 million shares of common stock outstanding.Calculate the market-to-book ratio for Lab R Doors.
A)2.13
B)3.20
C)5.33
D)10.00

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The Answer of Market Value Ratios Lab R Doors' year-end price on its common stock is $40.The firm has total assets of $75 million,the debt ratio is 60 percent,there is no preferred stock,and there are 4 million shares of common stock outstanding.Calculate the market-to-book ratio for Lab R Doors.
A)2.13
B)3.20
C)5.33
D)10.00

Market Value Ratios Lab R Doors' Year-End Price on Its