A firm has $10 billion in total assets. Its balance sheet shows $ 1billion in current liabilities, $3 billion in long-term debt, and $ 6 billion in common equity. It has 800 million shares of common stock outstanding, and its stock price is $32 per share. What is the firm's market/ book ratio?

Book value is the same as the equity. (i.e. assets minus liabilities = equity, which is also book value.)

A ratio is always divided in the order given.

But you need these on the same terms. i.e. The market price is per share, so you need the equity/book per share, and you have 800 million share. If equity if $6 billion & there's 800 million shares, what is that per share?

Give it a try.

Please calculate it

YOU calculate it.

Scott already gave you a link to the guidelines for posting homework, which clearly state that we do not just do your homework for you. The work is yours to do, not ours.

We will help you to try to understand it, check your work, give some hints, etc. That is what I did in my post - give some information about how to go about solving the problem. Since it was a totally appropriate post, that makes your negative rep you gave me an inappropriate use of the feedback system.

My post was taking my personal, voluntary time to try to help out. If you're going to leave neg's for people who try to help, you're not too likely to get any.

This is also a two year old thread, so I'm closing it.