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:

Check Register

A record of checks written, deposits made, and balances in a checking account, maintained by the account holder.

New Transaction

An action that records a financial exchange or transfer that has recently occurred.

Add Check

The process of including a new check (or cheque) transaction within an accounting or financial management system, typically for record-keeping and reconciliation purposes.

Visuals

Visuals refer to the graphical representation of information, data, or concepts to make them easier to understand and more engaging.