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A firm has 160,000 shares of stock outstanding, sales of $1.94 million, net income of $125,000, a price earnings ratio of 21.0 and a book

A firm has 160,000 shares of stock outstanding, sales of $1.94 million, net income of $125,000, a price earnings ratio of 21.0 and a book value per Share of $7.92. What is the market-to-book ratio? 2.0977

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