Problem:
Jaster Jets has $10 billion intotal assets. Its balance sheet shows $1 billion in currentliabilities, $3 billion in long-term debt and $6 billion in commonequity. It has 800 million shares of common stock outstanding,and its stock price is $32 per share.
Required:
Question: What is Jaster's market /book ratio?
Note: Explain all steps comprehensively.