A company's stock price is $12 per share, and it has $7 million in total assets. Its balance sheet shows $1 million in current liabilities, $2.5 million in long-term debt, and $3.5 million in common equity. It has 500,000 common shares outstanding. What is the company's market/book ratio?

Question 30 options:

A) 1.71 x

B) 2.4 x

C) 2.1 x

D) 1.5 x