Required:

A firm has current assets that could be sold for their book value of $$30$ million. The book value of its fixed assets is $$68$ million, but

they could be sold for $$98$ million today. The firm has total debt with a book value of $$48$ million, but interest rate declines have

caused the market value of the debt to increase to $$58$ million. What is this firm's market$-$to$-$book ratio? $($Round your answer to $2$

decimal places.$)$

Market$-$to$-$book ratioA firm has current assets that could be sold for their book value of $$30$ million. The book value of its fixed assets is $$68$ million, but they could be sold for $$98$ million today. The firm has total debt with a book value of $$48$ million, but interest rate declines have caused the market value of the debt to increase to $$58$ million. What is this firm$$s market$-$to$-$book ratio? $($Round your answer to $2$ decimal places.$)$