GB550 Unit 2 QUASTION AND ANSWER.100%A

Date and Time Started: 1/23/2017 3:53:53 PM Time Spent: 32 min , 38 secs Points Received: 20 / 20 (100%) Question Type: # Of Questions: # Correct: Multiple Choice 10 10 Grade Details - All Questions Question 1.Question : Lindley Corp.'s stock price at the end of last year was $33.50, and its book value per share was $25.00. What was its market/book ratio? Student Answer: 1.34 1.41 1.48 1.55 Instructor Explanation: Stock price =$33.50; Book value per share=$25.00; M/B ratio=1.34 Points Received: 2 of 2 Comments: Question 2.Question : Rappaport Corp.'s sales last year were $320,000, and its net income after taxes was $23,000. What was its profit margin on sales? Student Answer: 6.49% 6.83% 7.19% 7.55% Instructor Explanation: Sales $320,000 Net income $23,000 Profit margin 7.19% Points Received: 2 of 2 This study source was downloaded by from CourseH on :00:23 GMT -06:00 This stud