(33) Market/Book Ratio Winston Washerss stock price is $75 per share. Winston has $10 billion in total...

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(3–3)

Market/Book Ratio Winston Washers’s stock price is $75 per share. Winston has $10 billion in total assets.

Its balance sheet shows $1 billion in current liabilities, $3 billion in long-term debt, and $6 billion in common equity. It has 800 million shares of common stock outstanding. What is Winston’s market/book ratio?

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