QUESTION 1 "A firm has current assets that could be sold for their book value of $800,000. The book value of its fixed assets is $600,000, but they could be sold for $700,000 today. The firm has total debt at a book value of $150,000, but interest rate changes have increased the value of the debt to a current market value of $300,000. This firm's equity market-to-book ratio is QUESTION 2 "A firm has current assets that could be sold for their book value of $800,000. The book value of its fixed assets is $600,000, but they could be sold for $700,000 today. The firm has total debt at a book value of $300,000, but interest rate changes have increased the value of the debt to a current market value of $150,000. This firm's equity market-to-book ratio is