Expert answer :Jaster Jets has $7 billion in total assets. Its ba

  

Solved by verified expert :Jaster Jets has $7 billion in total assets. Its balance sheet shows balance sheet shows $0.7 billion in current liabilities, $4.9 billion in long-term debt, and $1.4 billion in common equity. It has 600 million shares of common stock outstanding, and its stock price is $43 per share. What is Jaster’s market/book ratio? Round your answer to two decimal places.

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