Indicate the answer choice that best completes the statement or answers the question.
Calculate Market/Book (M/B) ratio based on the given information.
No of shares outstanding 250,000
Stock price $20.00
Total equity $ 2,000,000
Total liability $ 400,000
Total assets $ 2,400,000
a. 2.08x
b. 8x
c. 2.5x
d. 12.5x
e. 0.83x