Jackson Jets has $1,000 million in total assets. Its balance sheet shows $100 million in current liabilities, $300 million in long-term debt, and $600 million in total equity. It has 30 million shares of common stock outstanding, and its stock price is $25 per share. What is Jackson's market/book ratio?

Hint: First find the book value per share.

		1.25
		2
		2.25
		1