Peter Welsh, CFA, gathered the following i

问题单项选择题

Peter Welsh, CFA, gathered the following information from a company's most recent financial statements ( U.S. $ in millions):

A．Preferred stock

B．40

C．Common stock

D．120

E．Additional paid-in capital

F．30

G．Retained earnings

H．190

I．Treasury stock

J．(55)

K．Total shareholders' equity

L．325

M．Total number of common shares outstanding

N．10 million

O．Tax rate

P．40%

答案

参考答案：A

解析：P/B ratio = market value of equity/book value of equity = P/book value per share =70/[325-40+50×(1-40% )]/10=2.22. Book value of equity = common shareholder's equity = (total assets - total liability) - preferred stock.