04: End-of-Chapter Problems - Analysis of Financial Statements ack to Assignment Attempts: 0 Keep the Highest: 0/1 4. Problem 4.04 Click here to read the eBook: Market Value Ratios MARKET/BOOK RATIO Edelman Engines has $2 billion in total assets. Its balance sheet shows $0.1 billion in current liabilities, $0.9 billion in long-term debt, and $1 billion in common equity. It has 500 million shares of common stock outstanding, and its stock price is $38 per share. What is Edelman's market/book ratio? Round your answer to two decimal places. Grade New Save & Continue Continue without saving