(Answered) Marketbook ratiojaster jets has 6 billion in total assets

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Market/Book Ratio

Jaster Jets has $6 billion in total assets. Its balance sheet shows $1.2 billion in current liabilities, $3.6 billion in long-term debt, and $1.2 billion in common equity. It has 300 million shares of common stock outstanding, and its stock price is $39 per share. What is Jaster's market/book ratio? Round your answer to two decimal places.

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