Answer:
24.84 times
Explanation:
The computation is shown below:
Market to book ratio would be
Market to book ratio = (Market price per share) ÷ (book value per share)
2.73 = Market price per share ÷ $21.84
So, the Market price per share would be
= 2.73 × $21.84
= $59.62
And
Price-earnings ratio = (Market price per share) ÷ (Earning per share)
= ($59.62) ÷ ($2.40)
= 24.84 times
