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Price to book ratio

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A firm reported $250 million in total assets and $140 in debt. It had no interest-bearing securities among its assets. In the income statement is reported $560 million in sales; the firm's 80 million shares are traded at 47 each. What is the price to book ratio (P/B)/

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The solution explains how to calculate the price to book ratio

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Price to book ratio = Market price per share / Book Value per share
Book Value ...

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