答案和详解如下： Q44. D Study session 14-64-a,b The book value of common equity is $32,5-40 in preferred stock+ an inventory adjustment of 27 for adjusted common equity of $312 million. The inventory adjustment must be tax affected because although cost of goods sold would be reduced by $45 mullion only (1-T) or 60% would be added to retained earnings. The price to book rate is $59/$31.20 = 1.89 | 
发表于 2007-11-13 18:42
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