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(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

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(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 $751,000. The firm's earnings per share are $2.75, which produces a price-earnings ratio of 11,35 , If there are 51,000 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 decirnal places.)

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