Dandelion Fields Has a Tobin's Q of

question 29

Multiple Choice

Dandelion Fields has a Tobin's Q of .96. The replacement cost of the firm's assets is $225,000 and the market value of the firm's debt is $101,000. The firm has 20,000 shares of stock outstanding and a book value per share of $2.09. What is the market-to-book ratio?

• A) 2.75 times
• B) 3.18 times
• C) 3.54 times
• D) 4.01 times
• E) 4.20 times

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Definitions:

Genetically Determined

Attributes or traits that are influenced by genes inherited from an organism's parents, determining characteristics such as eye color, blood type, and susceptibility to certain diseases.

Imprinting

Learning that can occur only during a specific interval in an animal’s life.

Learning

The process by which new knowledge or skills are acquired.

Eusocial Animals

Animals that live in complex social structures, including cooperative care of the young, division of labor, and, often, overlapping generations within a colony.