Question: ( Analyzing market value ) Lei Materials ' balance sheet lists $ 1 . 2 5 billion in total assets, $ 1 9 6 million

(Analyzing market value) Lei Materials' balance sheet lists $1.25 billion in total assets, $196 million in current liabilities, $ 409 million in long-term debt, $645 million in common equity, and 53 million shares of common stock. If Lei's current stock price is $46.76, what is the firm's market-to-book ratio?

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