A firm has current assets that could be sold for their book value of $34 million. The book value of its fixed assets is $72 million, but they could be sold for $102 million today. The firm has total debt with a book value $52 million, but interest rate declines have caused the market value of the debt to increase to $62 million. What is the ratio of the market value of equity to its book value? (Round your answer to 2 decimal place Market-to-book ratio References eBook & Resources Worksheet Learning Objective: 13-01 Use financial statements and market comparables to estimate firm value. Check my work