Use the following information to answer the questions:

Assets			Liabilities and Equity
Cash	12,000		Accounts payable	17,000
Marketable securities	4,000		Notes payable	8,000
Accounts receivable	12,000		Current liabilities	25,000
Inventory	33,000		Long-term debt	80,000
Current assets	61,000		Total liabilities	105,000
Machines	42,000		Paid-in capital	30,000
Real estate	60,000		Retained earnings	28,000
Net fixed assets	102,000		Equity	58,000
Total assets	163,000		Total liab. & equity	163,000

Line item	Value
Sales	850,000
Operating expenses	697,000
Depreciation	25,000
EBIT	128,000
Interest	8,000
Taxable income	120,000
Taxes	39,600
Net income	80,400

The company has 30,000 shares outstanding, each currently trading at $23.

What is the market/book ratio?