Use the Information for the Question(s)below

question 10

Multiple Choice

Use the information for the question(s) below.
In November 2009,Perrigo Co.(PRGO) had a share price of $39.20.They had 91.33 million shares outstanding,a market-to-book ratio of 3.76.In addition,PRGO had $845.01 million in outstanding debt,$163.82 million in net income,and cash of $257.09 million.
-Perrigo's market capitalization is closest to:

• A)$952.16 million.
• B)$3580.14 million.
• C)$4168.06 million.
• D)$4425.15 million.

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Definitions:

Quantity Demanded

The entire quantity of a product or service that buyers are ready and capable of buying at a certain price point.

Price

The amount of money required to purchase a good or service, determined by various factors including supply, demand, production cost, and competition.

Total Revenue

The total amount of money a firm receives from sales of its goods or services.

Price Elasticity

A measure of how the quantity demanded of a good or service changes in response to a change in its price.