Lei Materials balance sheet lists total assets of $1 billion, $100 million in current liabilities, $400 million

Question:

Lei Materials’ lists total assets of $1 billion, $100 million in current liabilities, $400 million in long-term debt, $500 million in common equity, and 50 million shares of common stock. If Lei’s current stock price is $50, what is the firm’s market-to-book ratio?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...