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
A) 8.8
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A decrease in retained earnings indicates that a cash dividend has been paid
a. True b. False Indicate whether the statement is true or false
Debbie acquired a franchise to operate a donut shop from Dollar Donuts, Inc, for $100,000. She incurred an additional $4,000 in legal costs to negotiate the terms with the franchiser. In five years, the franchise contract will be renegotiated. The current contract also states that there will be a $3,000 annual fee plus a two percent charge based on the store's annual revenue, which is expected to
average 90,000 per year. What is the franchise cost that should be capitalized? A) $88,000 B) $92,000 C) $100,000 D) $104,000
Multichannel conflicts are common when the members of one channel obtain a lower price based on larger-volume purchases
Indicate whether the statement is true or false
The direct method of reporting the cash flows from operating activities on the statement of cash flows is the method most widely used in practice
Indicate whether the statement is true or false