Leone Inc., a listed corporation, reported on its Statement of Financial Position total assets of Php85,000,000. The company maintain its debt ratio of 70% and have outstanding capital stocks of 1 million. Given their performance and financial stability their stocks were traded at Php30 per share. Based on the foregoing, the book to market ratio of Leone Inc. is а. 1.0 b. 0.95 C. 0.90 d. 0.85 The management accountant of Yza Belle Inc. has calculated their book value per share at Php 6.25. If Yza Belle shares will be sold using the average book to market ratio for the industry similar to the company of 0.68, the price per share would be at least
Leone Inc., a listed corporation, reported on its Statement of Financial Position total assets of Php85,000,000. The company maintain its debt ratio of 70% and have outstanding capital stocks of 1 million. Given their performance and financial stability their stocks were traded at Php30 per share. Based on the foregoing, the book to market ratio of Leone Inc. is а. 1.0 b. 0.95 C. 0.90 d. 0.85 The management accountant of Yza Belle Inc. has calculated their book value per share at Php 6.25. If Yza Belle shares will be sold using the average book to market ratio for the industry similar to the company of 0.68, the price per share would be at least
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:4. Leone Inc., a listed corporation, reported on its Statement of Financial
Position total assets of Php85,000,000. The company maintain its debt
ratio of 70% and have outstanding capital stocks of 1 million. Given their
performance and financial stability their stocks were traded at Php30 per
share. Based on the foregoing, the book to market ratio of Leone Inc. is
a. 1.0
b. 0.95
C. 0.90
d. 0.85
5. The management accountant of Yza Belle Inc. has calculated their book
value per share at Php 6.25. If Yza Belle shares will be sold using the
average book to market ratio for the industry similar to the company of
0.68, the price per share would be at least
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