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Leonatti Labs year - end price on its common stock is $ 3 5 . The firm has total assets of $ 5 0 million,

Leonatti Labs year-end price on its common stock is $35. The firm has total assets of $50 million, debt ratio of 65 percent, no preferred stock, and 3 million shares of common stock outstanding.
Calculate the market-to-book ratio for Leonatti Labs.

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