FIR 3410-Market/Book Ratio-Jaster Jets has $2 billion in total assets
January 5th, 2018
8. Market/Book RatioJaster Jets has $2 billion in total assets. Its balance sheet shows $0.1 billion in current liabilities, $1.2 billion in long-term debt, and $0.7 billion in common equity. It has 800 million shares of common stock outstanding, and its stock price is $32 per share. What is Jaster’s market/book ratio? Round your answer to two decimal places.