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Leonatti Labs' year-end price on its common stock is $30.00. The firm has total assets of $54.00 million, debt ratio of 70 percent, no preferred
Leonatti Labs' year-end price on its common stock is $30.00. The firm has total assets of $54.00 million, debt ratio of 70 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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