DEF Inc. financial statements See the information given in the financial statements of DEF Inc. If the stock price is $10 and the number of outstanding shares is 3 billion at the end of 2020, what is the market-to-book ratio ? 2.03 5.36 53.6 203.4 A DEF Inc. 2020 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation EBIT # Interest . Taxable Income 0 Taxes 1 Net Income 2 Addition to retained earnings 3 Dividends paid B $9,625 5,225 1,890 $2,510 $1,660 581 $1,079 679 850 $400 C D G DEF Inc. Balance Sheet ($ in millions) 2019 2020 2019 2020 Cash $1,455 $1,150 $2,863 $260 Accounts payuable 3,975 Notes payable Accounts Receivable 2,460 2,600 1,628 Inventory 1,405 $3,750 $4,491 885 Current liabilities $5,120 Long term debt Current Assets $5,320 7,000 7,600 Net fixed assets 19,300 5,500 5,700 21,720 Common stock Retained earnings $24,620 $26,840 Total liabilieis and equity $24,620 8,370 9,049 Total assets $26,840