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The equity portion of the balance sheet for BusFinance Inc. for the year 2022 is shown in the table below. If the stock price of

The equity portion of the balance sheet for BusFinance Inc. for the year 2022 is shown in the table below. If the stock price of BusFinance Inc. is $25 per share, calculate the market to book ratio.

Equity Portion of BusFinance Inc. Balance Sheet, 2022

Common stock ($0.25 par) $2,500,000

Capital surplus $4,000,000

Retained earnings $3,555,000

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