Lory Company Has A Total Debt To Total Assets Ratio Of 45 And A Current Ratio Of 1

Lory Company has a total debt to total assets ratio of 45% and a current ratio of 4.1. The firm’s stock sells for $ 32.2 per share. The total market value of the equity is $ 30.4 million. The market-to-book ratio is 3.3 . What is the book value per share? Show your answer to the nearest $.01. Do not use the $ symbol in your answer, thus if your answer is $2.80 enter 2.80.

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