Bitters Co.'s net income is $14,000, the market value of common stock is $160,000, and the book value of common stockholders' equity is $100,000. What is the Price to Book Ratio for Bitters Co.? (Round your answer to two decimal places, X.XX.) Group of answer choices 1.60 0.14 0.63 7.14

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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Bitters Co.'s net income is $14,000, the market value of common stock is $160,000, and the book value of common stockholders' equity is $100,000. What is the Price to Book Ratio for Bitters Co.? (Round your answer to two decimal places, X.XX.)
Group of answer choices
1.60
0.14
0.63
7.14
 
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