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MARKET/BOOK RATIO Edelman Engines has $5 billion in total assets. Its balance sheet shows $1 billion in current liabilities, $3.5 billion in long-term debt, and

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MARKET/BOOK RATIO Edelman Engines has $5 billion in total assets. Its balance sheet shows $1 billion in current liabilities, $3.5 billion in long-term debt, and $0.5 billion in common equity. It has 800 million shares of common stock outstanding, and its stock price is $28 per share. What is Edelman's market/book ratio? Round your answer o to two decimal places. 44800 x

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