XYZ company had additions to retained earnings for the year just ended of $200165. The firm paid out $159976 in cash dividends, and it has ending total equity of $5.6 million. The company currently has 114047 shares of common stock outstanding. In addition XYZ's stock currently sells for $26.00 per share. What is the market-to-book ratio (also known as M/B ratio and Market/Book ratio)?

XYZ company had additions to retained earnings for the year just ended of \$200165. The firm paid out \$159976 in cash dividends, and it has ending total equity of $5.6 million. The company currently has 114047 shares of common stock outstanding. In addition XYZ's stock currently sells for $26.00 per share. What is the market-to-book ratio (also known as M/B ratio and Market/Book ratio)