Lei​ Materials' balance sheet lists total assets of $1.05 ​billion, $127 million in current​ liabilities, $435 million in​ long-term debt, $488 million in common​ equity, and 54 million shares of common stock. If​ Lei's current stock price is $51.38​, what is the​ firm's market-to-book​ ratio?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 3P: Winston Watch’s stock price is $75 per share. Winston has $10 billion in total assets. Its balance...
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 Lei​ Materials' balance sheet lists total assets of

$1.05

​billion,

$127

million in current​ liabilities,

$435

million in​ long-term debt,

$488

million in common​ equity, and

54

million shares of common stock. If​ Lei's current stock price is

$51.38​,

what is the​ firm's market-to-book​ ratio?

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