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Question 6. (5 points total) (Market value analysis) Lei Materials $1.16 billion, $132 million in current liabilities, $415 million in long-term debt, $613 million in common equity, and 58 million shares of common stock. If Leis current stock price is $52.08, what is the firms market-to-book ratio? (Round to one decimal place.)

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Answer #1
Total Asset              1,160.00
Less current liabilities                (132.00)
Less long term debt                (415.00)
Common equity book value                 613.00
No of shares                    58.00
Book value per share                    10.57
Current stock price                    52.08
Market to book ratio 52.08/10.57
Market to book ratio                      4.93
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