13**

(Related to Checkpoint 4.4) (Market value analysis) Greene, Inc.'s balance sheet indicates that the book value of stockholders' equity (book value per share total shares outstanding) is $749,200. The firm's earnings per share are $2.76, which produces a price-earnings ratio of 11.93. If there are 47,000 shares of common stock outstanding, what is the firm's market-to-book ratio (i.e., the ratio of price per share to book value per share)? What does the market-to-book ratio tell us