Using the following information,determine the market-to-book ratio for Montreal Computing Power Company.

Montreal Computing Power Company has 1,000 common shares outstanding.The shares were issued 10 years ago at $4 per share and currently trade at a price of $3.
A) 0.667
B) 0.933
C) 1.400
D) 1.500

Question

Using the following information,determine the market-to-book ratio for Montreal Computing Power Company.
  
Montreal Computing Power Company has 1,000 common shares outstanding.The shares were issued 10 years ago at $4 per share and currently trade at a price of $3. 
A) 0.667 
B) 0.933 
C) 1.400 
D) 1.500

Quizplus · Accepted Answer

3,000/2,000 = 1.500

Using the Following Information,determine the Market-To-Book Ratio for Montreal Computing