Define the market and book ratio

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Reference no: EM131583588

Market/Book Ratio

Jaster Jets has $17 billion in total assets. Its balance sheet shows $2.55 billion in current liabilities, $9.35 billion in long-term debt, and $5.1 billion in common equity. It has 900 million shares of common stock outstanding, and its stock price is $27 per share. What is Jaster's market/book ratio? Round your answer to two decimal places. Do not round intermediate calculations.

Reference no: EM131583588

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