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Problem:

Jaster Jets has $10 billion intotal assets. Its balance sheet shows $1 billion in currentliabilities, $3 billion in long-term debt and $6 billion in commonequity. It has 800 million shares of common stock outstanding,and its stock price is $32 per share.

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Question: What is Jaster's market /book ratio?

Note: Explain all steps comprehensively.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172340

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