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A firm has a reported enterprise value of $40.00 billion. The firm has $11.00 billion of debt on its balance sheet, and $1.00 billion in

A firm has a reported enterprise value of $40.00 billion. The firm has $11.00 billion of debt on its balance sheet, and $1.00 billion in cash. The firm also reports $6.00 billion in shareholder equity with 500.00 million shares outstanding. Finally, the firm reported $750.00 million in net income last year.

What is the market-to-book ratio for the firm?

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