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Lancaster Bakery has net fixed assets of $329,700, current assets of $87,200, a price-earnings ratio of 12.8, a debt-equity ratio of 0.42, and earnings per

Lancaster Bakery has net fixed assets of $329,700, current assets of $87,200, a price-earnings ratio of 12.8, a debt-equity ratio of 0.42, and earnings per share of $1.97. What is the market-to-book ratio if there are 36,000 shares of stock outstanding?

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