The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets 2010 Cash and securities $2,150 Accounts receivable 9,890 Inventories 13,760 Total current assets $25,800 Net plant and equipment $17,200 Total assets $43,000 Liabilities and Equity Accounts payable $8,170 Notes payable 6,020 Accruals 4,730 Total current liabilities $18,920 Long-term bonds $9,245 Total debt $28,165 Common stock $5,375 Retained earnings 9,460 Total common equity $14,835 Total liabilities and equity $43,000 Income Statement (Millions of $) 2010 Net sales $64,500 Operating costs except depreciation 60,308 Depreciation 1,129 Earnings bef interest and taxes (EBIT) $3,064 Less interest 954 Earnings before taxes (EBT) $2,110 Taxes 738 Net income $1,371 Other data: Shares outstanding (millions) 500.00 Common dividends (millions of $) $479.95 Int rate on notes payable & L-T bonds 6.25% Federal plus state income tax rate 35% Year-end stock price $32.91 What is the firm's market-to-book ratio? a. 1.11 b. 1.09 c. 1.25 d. 0.98 e. 0.87