Question

Green Recycling, Inc. has 150,000 shares of stock outstanding. The firm has total assets of $568,000 and total liabilities of $415,000. The firm's stock is selling for $31 a share. What is the price-book ratio?
A. 22.3
B. 26.5
C. 27.5
D. 30.4
E. 37.8

Answer

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