Shares of common stock outstanding-market-book ratio

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Reference no: EM131350537

Winston Washers's stock price is $85 per share. Winston has $10 billion in total assets. Its balance sheet shows $1 billion in current liabilities, $3 billion in long-term debt, and $6 billion in common equity. It has 700 million shares of common stock outstanding. What is Winston's market/book ratio? Round your answer to two decimal places. Do not round intermediate calculations.

Reference no: EM131350537

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