Use the Following Information for ECE Incorporated

question 23

Multiple Choice

Use the following information for ECE incorporated:

-If ECE's stock is currently trading at $24.00 and ECE has 25 million shares outstanding,then ECE's market-to-book ratio is closest to:

• A)0.24.
• B)4.
• C)6.
• D)30.

---

Definitions:

Empiricism

A philosophical stance emphasizing the importance of experience and evidence gathered through the senses in the acquisition of knowledge.

Bias

Bias refers to a disproportionate weight in favor or against an idea or thing, typically in a way that is closed-minded, prejudicial, or unfair.

Explanation

A statement or account that makes something clear by describing the relevant structure or operation, or circumstances, providing insight into cause-and-effect relationships.

General Curiosity

General curiosity refers to a broad interest and inquisitive nature towards a wide range of subjects or phenomena without specific focus.