Mathematics, 10.06.2021 06:40 wonderland12372

A firm has current assets that could be sold for their book value of $14 million. The book value of its fixed assets is $52 million, but they could be sold for $82
million today. The firm has total debt with a book value of $32 million, but
interest rate declines have caused the market value of the debt to increase to
$42 million. What is this firm's market-to-book ratio? (Round your answer to 2
decimal places.)

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