Edelman engines has 15 billion in total assets its balance, Ask an Expert

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Edelman Engines has $15 billion in total assets. Its balance sheet shows $0.75 billion in current liabilities, $10.5 billion in long-term debt, and $3.75 billion in common equity. It has 500 million shares of common stock outstanding, and its stock price is $25 per share. What is Edelman's market/book ratio? Round your answer to two decimal places.

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Financial Management, Finance

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