Market/Book Ratio Jaster Jets has $11 billion in total assets. Its balance sheet shows $2.2 billion in current liabilities, $7.7 billion...

Market/Book Ratio

Jaster Jets has $11 billion in total assets. Its balance sheet shows $2.2 billion in current liabilities, $7.7 billion in long-term debt, and $1.1 billion in common equity. It has 600 million shares of common stock outstanding, and its stock price is $44 per share. What is Jaster's market/book ratio? Round your answer to two decimal places.