mestion 3 Using the balance shoot information for Huntsville Manufacturing Company provided below, calculate the company's 2017 market to book ratio Assume the company has 500,000 shares of stock outstanding and the current market price of its common stock is $0.75 Enter your answer as a number with four places of precision 0.0.0.1234 or 1234)-ensure that you precede the decimal point with a number Assets Current Assets Cash and Equivalents Accounts Receivable Inventory Total Current Assets Long-term Assets Net Fixed Assets Total Assets $ $ 2017 Huntsville Manufacturing Company Balance Sheet as of December 31 2016 20,385 $ 34,325 128,884 183,594 $ 710,685 894,279 $ 23,500 46,355 75,820 145,675 Liabilities and Shareholder Equity Current Liabilities 758,550 Accrued Wages and Taxes Accounts Payable Notes Payable Total Current Liabilities Long-term debt 612,875 Total Liabilities Shareholder Equity Common stock Retained earnings Total Shareholder Equity 2017 2016 38,570 22,480 130,365 157,835 111.540 72,890 $ 280,475 $ 253,205 210,000 170,000 $ 490,475 $ 423,205 $ 175,000 $ 175,000 228,804 160,345 $403,804 $ 335,345 Total Liabilities and Shareholder Equity $ 894,279 $ 758.550