In the year 2007, the average firm in the SP 500 Index had a total market value of fives times stockholders’ equity (book value).

In the year 2007, the average firm in the S&P 500 Index had a total market value of fives times stockholders’ equity (book value). Assume a firm had total assets of $10 million, total debt of $6 million, and net income of $600,000

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