(Answered) A firm has current assets that could be sold for their book

Finance

A firm has current assets that could be sold for their book value of $36 million. The book value of its fixed assets is $75 million, but they could be sold for $105 million today. The firm has total debt with a book value of $55 million, but interest rate declines have caused the market value of the debt to increase to $65 million. What is this firm's market-to-book ratio? (Round your answer to 2 decimal places.) Market-to-book ratio ___?

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