It has 800 million shares of common stock outstandingand


Jaster Jets has $10 billion intotal assets. Its balance sheet shows $1 billion in currentliabilities, $3 billion in long-term debt and $6 billion in commonequity. It has 800 million shares of common stock outstanding,and its stock price is $32 per share. What is Jaster'smarket /book ratio?

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Finance Basics: It has 800 million shares of common stock outstandingand
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