22) Strack Houseware Supplies Inc. has $697 million in total assets. The other side of its balance sheet consists of $97.58 million in current liabilities, $160.31 million in long-term debt, and $439.11 million in common equity. The company has 29,000,000 shares of common stock outstanding, and its stock price is $63 per share. What is Strack's market-to-book ratio?

7.62

6.97

1.59

4.16

1.31