Shares of common stock outstanding-market-book ratio

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Reference no: EM131012850

Jaster Jets has $17 billion in total assets. Its balance sheet shows $0.85 billion in current liabilities, $11.05 billion in long-term debt, and $5.1 billion in common equity. It has 700 million shares of common stock outstanding, and its stock price is $42 per share. What is Jaster's market/book ratio? Round your answer to two decimal places.

Reference no: EM131012850

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