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Lei Materials' balance sheet lists total assets of $ 1 . 1 2 $ 1 . 1 2 billion , $ 1 3 7 $

Lei Materials' balance sheet lists total assets of $ 1.12$1.12billion, $ 137$137 million in current liabilities, $ 459$459 million in long-term debt, $ 524$524 million in common equity, and 5151 million shares of common stock. If Lei's current stock price is $ 48.59$48.59, what is the firm's market-to-book ratio?

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