A firm has total assets with a current book value of $68,700, a current market value of $74,300, and a current replacement cost of $75,600. What is the value of Tobin’s Q?
Note
A firm has total assets with a current book value of $68,700, a current market value of $74,300, and a current replacement cost of $75,600. The value of Tobin's Q is .98.