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Jesters-R-Us Inc. is a publically traded company that has assets on its balance sheet of $129.82 million and liabilities of $79.8 million. The firm also

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Jesters-R-Us Inc. is a publically traded company that has assets on its balance sheet of $129.82 million and liabilities of $79.8 million. The firm also has 3.6 million common shares that are currently trading for $20.18 per share. Estimate the firm's market-to-book ratio. Calculation of the market-to-book ratio below: (Round to two decimal places.)

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