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Click here to read the eBook: Market Value Ratios MARKET/BOOK RATIO Edelman Engines has $7 billion in total assets. Its balance sheet shows $0.35 billion

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Click here to read the eBook: Market Value Ratios MARKET/BOOK RATIO Edelman Engines has $7 billion in total assets. Its balance sheet shows $0.35 billion in current liabilities, $3.15 billion in long-term debt, and $3.5 billion in common equity. It has 700 million shares of common stock outstanding, and its stock price is $20 per share. What is Edelman's market/book ratio? Round your answer to two decimal places

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