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What market-to-book ratio if stock currently sell per share

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Reference no: EM132636821

Wich Corp. had additions to retained earnings for the year just ended of $320,587. The firm paid out $245,229 in cash dividends, and it has ending total equity of $4,899,901. The company currently has 150,000 shares of common stock outstanding.

Problem 1: If the stock currently sells for $57 per share, what is the market-to-book ratio? (round 2 decimal places)

Reference no: EM132636821

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