Specialized ratios are sometimes used in specific industries. For example, the book-to-bill ratio is closely watched for semiconductor manufacturers. A ratio of .93 indicates that for every $100 worth of chips shipped over some period, only $93 worth of new orders were received. In August 2019, the semiconductor equipment industry’s book-to-bill ratio was 1.02, compared to 1.00 during the month of July 2019. The book-to-bill ratio reached a recent low of .47 during January 2009 and a recent high of 1.23 during July 2010. What is this ratio intended to measure? Why do you think it is so closely followed?