Lancaster Bakery Has Net Fixed Assets of $329,700,current Assets of $87,200,a

question 81

Multiple Choice

Lancaster Bakery has net fixed assets of $329,700,current assets of $87,200,a price-earnings ratio of 12.8,a debt-equity ratio of 0.42,and earnings per share of $1.97.What is the market-to-book ratio if there are 36,000 shares of stock outstanding?

• A)3.09 times
• B)2.79 times
• C)2.24 times
• D)3.46 times
• E)3.80 times

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Definitions:

Probability of Success

A statistical measure that calculates the likelihood of a desired outcome or successful result happening.

Incentive Value

The attractiveness or appeal of a goal or reward that motivates behavior.

Need for Achievement

A psychological drive to excel or meet certain standards of performance.

Stable Aspect

Refers to a characteristic, attribute, or condition that remains consistent and unchanged over time.