Leonatti Labs’ year-end price on its common stock is $39.75. The firm has total assets of $31.00 million, debt ratio of 60 percent, no preferred stock, and 2 million shares of common stock outstanding. Calculate the market-to-book ratio for Leonatti Labs. (Do not round intermediate calculations and round your answer to 2 decimal places.)

Historically, 12 percent of a mail-order firm's repeat charge-account customers have an incorrect current address in the firm's computer database. the number of customers out of 19 who have an incorrect address in the database is a binomial random variable with n = 19 and 2formula36.mml = 0.12.

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

Mikkelson corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk premium was 4.75%. then an increase in investor risk aversion caused the market risk premium to rise by 2%. the risk-free rate and the firm's beta remain unchanged. what is the company's new required rate of return? (hint: first calculate the beta, then find the required return.) do not round your intermediate calculations.