What is jaster market/book ratio

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Jaster Jets has $12 billion in total assets. Its balance sheet shows $1.2 billion in current liabilities, $6.6 billion in long-term debt, and $4.2 billion in common equity. It has 900 million shares of common stock outstanding, and its stock price is $29 per share. What is Jaster's market/book ratio? Round your answer to two decimal places.

Reference no: EM13267410

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