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(Market value analysis) Lei Materials' balance sheet lists total assets of $1.24 billion, $146 million...

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Finance

(Market value analysis) Lei Materials' balance sheet lists total assets of $1.24 billion, $146 million in current liabilities, $450 million in long-term debt, $644 million in common equity, and 60 million shares of common stock. If Lei's current stock price is $47.05, what is the firm's market-to-book ratio? The market-to-book ratio is ... (Round to two decimal places.)
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(Market value analysis) Lei Materials' balance sheet lists total assets of \\( \\$ 1.24 \\) billion, \\( \\$ 146 \\) million in current liabilities, \\( \\$ 450 \\) million in long-term debt, \\( \\$ 644 \\) million in common equity, and 60 million shares of common stock. If Lei's current stock price is \\( \\$ 47.05 \\), what is the firm's market-to-book ratio? The market-to-book ratio is (Round to two decimal places.)

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