(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 $748,400. The firm's earnings per share are $2.95, which produces a price-earnings ratio of 11.99. If there are 55,000 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.)