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MARKET/BOOK RATIO Edelman Engines has $12 billion in total assets. Its balance sheet shows $1.2 billion in current liabilities, $6.6 billion in long-term debt, and

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MARKET/BOOK RATIO Edelman Engines has $12 billion in total assets. Its balance sheet shows $1.2 billion in current liabilities, $6.6 billion in long-term debt, and $4.2 billion in common equity. It has 300 million shares of common stock outstanding, and its stock price is $39 per share. What is Edelman's market/book ratio? Round your answer to two decimal places

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