Question 1 Using the balance sheet 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 $9.75, Enter your answer as a number with four places of precision the 0.1234 or 1.234) - ensure that you precede the decimal point with a number, 2017 2016 Huntsville Manufacturing Company Balance Sheet as of December 31 2017 2016 Liabilities and Shareholder Equity Current Liabilities 20,385 $ 23.500 Accrued Wages and Taxes 34,325 46,355 Accounts Payable 128,884 75,820 Notes Payable 183,594 5 145,675 Total Current Liabilities Assets Current Assets Cash and Equivalents Accounts Recelvable Inventory Total Current Assets $ 38.570 22,480 130,365 157,835 111,540 72,890 $ 280,475 S 253,205 $ Long-term Assets Net Fixed Assets 710,685 Long-term debt 612,875 Total abilities 210,000 170,000 $ 490,475 S 423,205 Shareholder Equity Common stock Retained earnings Total Shareholder Equity $ 175,000 $175,000 228,804 160,345 S403,804 $335.345 Total Assets 894.2795 758,550 Total Liabilities and Shareholder Equity $ 894.279 S 758.550