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Edelman Engines has $4 billion in total assets. Its balance sheet shows $0.4 billion in current liabilities, $3 billion in long-term debt, and $0.6 billion

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Edelman Engines has $4 billion in total assets. Its balance sheet shows $0.4 billion in current liabilities, $3 billion in long-term debt, and $0.6 billion in common equity. It has 700 million shares of common stock outstanding, and its stock price is $23 per share. What is Edelman's market/book ratio? Round your answer to two decimal places. X

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