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Jaster jets has $7 billion in total assets. its balance sheet shows $1.4 billion in current liabilities, $4.55 billion in long-term debt, and $1.05 billion in common equity. it has 700 million shares
Jaster jets has $7 billion in total assets. its balance sheet shows $1.4 billion in current liabilities, $4.55 billion in long-term debt, and $1.05 billion in common equity. it has 700 million shares of common stock outstanding, and its stock price is $37 per share. what is jaster's market/book ratio? round your answer to two decimal places.