Problemtinas track supplys market-to-book ratio is, Ask an Expert

Accounting

Problem:

Tina's Track Supply's market-to-book ratio is currently 4.5 times and PE ratio is 10.5 times. If Tina's Track Supply's common stock is currently selling at $100 per share, what is the book value per share and earnings per share?

$9.5238, $22.2222, respectively
$1050, $450, respectively
$450, $1050, respectively
$22.2222, $9.5238, respectively

Note: Provide support for your rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172026

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