Find below the Company's financial statements for year 2525. Balance Sheet, 12/31/2525 Income, 1/1 -...
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Finance
Find below the Company's financial statements for year 2525. Balance Sheet, 12/31/2525 Income, 1/1 - 12/31/2525 $510 Current assets $1,510 Debt Sales $14,000 $2.600 PP&E $1.600 Stockholders' equity total costs $13.100 $3,110 Total assets $3,110 net income $900 dividends $360 new retained earnings $540 For 2526 the asset turnover (sales+total assets), net profit margin (=net income + sales), payout ratio (=dividends+net income) and price-to-earnings ratio (now 16.2) will be constant. The number of shares outstanding is 80. The firm seeks maximum growth by relying exclusively on retained earnings; external financing will be zero. What is the equity price-to-book ratio at year-end 2526? 07.12 8.61 7.83 5.88 6.47
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