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Last Year, a corporation had a book value of equity of $397.70 million of USDs, 10.50 million shares outstanding,and a market price of $41.06 per

Last Year, a corporation had a book value of equity of $397.70 million of USDs, 10.50 million shares outstanding,and a market price of $41.06 per share. The corporation also had cash of $3.25 million of USDs, and total debt of$405.53 million USDs. What was the corporation's market-to-book ratio?

NOTE: This is a ratio, not a percentage

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