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QUESTION
Jaster Jets has $9 billion in total assets. Its balance sheet shows $1 billion in current liabilities, $3 billion in long-term debt, and $5 billion...
Jaster Jets has $9 billion in total assets. Its balance sheet shows $1 billion in current liabilities, $3 billion in long-term debt, and $5 billion in common equity. It has 700 million shares of common stock outstanding, and its stock price is $30 per share. What is Jaster’s market/book ratio?
