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MARKET/BOOK RATIO Edelman Engines has $19 billion in total assets. Its balance sheet shows $1.9 billion in current liabilities, $10.45 billion in long-term debt, and

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MARKET/BOOK RATIO Edelman Engines has $19 billion in total assets. Its balance sheet shows $1.9 billion in current liabilities, $10.45 billion in long-term debt, and $6.65 billion in common equity. It has 800 million shares of common stock outstanding, and its stock price is $48 per share. What is Edelman's market/book ratio? Round your answer to two decimal places. X

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