finance

[Cobb22]

What is the market price of a share of stock for a firm with 100,000 shares outstanding, a book value of equity of 3,000,000 and a market/book ration of 3.5?

Which of the following would be most detrimental to a firm's current ratio of the ratio is currently 2.0? Buying raw materials on credit, selling marketable securities at cost, pay off accounts payable with cash or payoff a portion of long-term debt with cash.