P4-20 (similar to) Question Help (Related to Checkpoint 4.4) (Market value analysis) Greene, Inc.'s balance sheet indicates that the book value of stockholders' equity (book value per share x total shares outstanding) is $751,400. The firm's earnings per share are $3.41, which produces a price-earnings ratio of 11.16. If there are 49,000 shares of common stock outstanding, what is the firm's market-to-book ratio (i.e., the ratio of price per share to book value per share)? What does the market-to-book ratio tell us? The market-to-book ratio is (Round to two decimal places.)