In Its 2018 Fiscal Year,the Data Storage Company,NetApp Inc

question 97

Multiple Choice

In its 2018 fiscal year,the data storage company,NetApp Inc.,reported that it had 267.9 million shares of common stock outstanding,trading at a price of about $68 per share.On the firm's balance sheet,the value of common stock equity was reported as $2.067 billion.NetApp's market/book ratio was ________.

• A)8.8
• B)7.7
• C)68
• D)greater than 100

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Definitions:

Employment At Will

A contractual relationship where an employee can be dismissed by an employer for any reason that is not illegal and without having to establish "just cause" for termination.

Express Contract

A legally binding agreement where the terms are stated clearly by the parties involved, either orally or in writing.

Disclosure

The act of making previously private or confidential information known to others.

General Public

The broad group of people in society who do not have a specific interest in particular topics or areas but are affected by or interested in general issues.