P4-22 (similar to) Question Help (Market value analysis) Lei Materials' balance sheet lists total assets of $1.23 billion, $187 million in current liabilities, $400 million in long-term debt, $643 million in common equity, and 56 million shares of common stock. If Lei's current stock price is $53.29, what is the firm's market-to-book ratio? The market-to-book ratio is (Round to two decimal places.) Enter your answer in the answer box and then click Check