It has 800 million shares of common stock outstanding and, Financial Management

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It has 800 million shares of common stock outstanding and

Edelman Engines has $5 billion in total assets. Its balance sheet shows $0.5 billion in current liabilities, $3.75 billion in long-term debt, and $0.75 billion in common equity. It has 800 million shares of common stock outstanding, and its stock price is $29 per share. What is Edelman's market/book ratio?

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