1. Jaster Jets has $15 billion in total assets. Its balance sheet shows $1.5 billion in current liabilities, $10.5 billion in long-term debt, and $3 billion in common equity. It has 600 million shares of common stock outstanding, and its stock price is $48 per share. What is Jaster's market/book ratio? Round your answer to two decimal places.

2. A company has an EPS of $2.10, a book value per share of $20.16, and a market/book ratio of 2.4x. What is its P/E ratio? The stock price should be rounded to the nearest cent. Round your answer to two decimal places.
3. Ebersoll Mining has $4 million in sales, its ROE is 15%, and its total assets turnover is 3.2x. Common equity on the firms balance sheet is 60% of its total assets. What is its net income? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest cent. Do not round intermediate steps.