On December 31, 2019, Austin Enterprises had 1,000,000 shares of common stock outstanding

Finance Dec 26, 2020

On December 31, 2019, Austin Enterprises had 1,000,000 shares of common stock outstanding. The market price was $3.25 per share. The company's Shareholders Equity was $2,835,000. What was the ratio of market value to book value?

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