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6** (Market value analysis) Lei Materials' balance sheet lists total assets of $1.18 billion, $149 million in current liabilities, $440 million in long-term debt, $591

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(Market value analysis) Lei Materials' balance sheet lists total assets of $1.18 billion, $149 million in current liabilities, $440 million in long-term debt, $591 million in common equity, and 56 million shares of common stock. If Lei's current stock price is $48.38, what is the firm's market-to-book ratio

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