(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 xtotal shares outstanding) is $751,000. The firm's earnings per share are $3.45, which produces a price-earnings ratio of 12.61. If there are 52,000 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.).