Question: Market value analysis) Lei Materials' balance sheet lists total assets of $1.05 billion, $123 million in current liabilities, $447 million in long-term debt, $480 million

Market value analysis) Lei Materials' balance sheet lists total assets of

Market value analysis) Lei Materials' balance sheet lists total assets of $1.05 billion, $123 million in current liabilities, \$447 million in long-term debt, $480 million in common equity, and 59 million shares of common stock. If Lei's current stock price is $47.82, what is the firm's market-to-book ratio? The market-to-book ratio is (Round to two decimal places.)

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