Book to Market Ratio
Refer to Practice 3 9. As of the end of the year, the total market value of shares outstanding was $10,000. Compute the book to market ratio.
Practice 3 9
Format of Foreign Balance Sheet
Following is a balance sheet presented in standard U.S. format. Rearrange this balance sheet to be in standard British format. Don’t worry about differences in terminology; use the U.S. labels, but present the information in the British format.
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Current Assets: |
|
|
Cash |
$ 500 |
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Inventory |
2,000 |
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Total current assets |
$ 2,500 |
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Noncurrent Assets: |
|
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Property, plant, and equipment |
$ 8,000 |
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Long term investments |
1,700 |
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Total noncurrent assets |
$ 9,700 |
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Total assets |
$12,200 |
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Current Liabilities: |
|
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Accounts payable |
$ 300 |
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Short term loans payable |
1,100 |
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Total current liabilities |
$ 1,400 |
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Noncurrent Liabilities: |
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Long term debt |
$ 3,000 |
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Stockholders’ Equity: |
|
|
Common stock, at par |
$ 50 |
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Additional paid in capital |
2,000 |
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Retained earnings |
5,750 |
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Total stockholders’ equity |
$ 7,800 |
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Total liabilities and stockholders’ equity |
$12,200 |