Personal Finance
Personal Finance
13th Edition
ISBN: 9781337669214
Author: GARMAN
Publisher: Cengage
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I am looking for help with this general accounting question using proper accounting standards

A stock sells for $20 per share. What
is the book value of the company if the
price-to-book value ratio is 1.6 and it
has 120,000 shares of stock
outstanding?
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Transcribed Image Text:A stock sells for $20 per share. What is the book value of the company if the price-to-book value ratio is 1.6 and it has 120,000 shares of stock outstanding?
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