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Edelman Engines has $14 billion in total assets. Its balance sheet shows $2.1 billion in current...

Edelman Engines has $14 billion in total assets. Its balance sheet shows $2.1 billion in current liabilities, $9.8 billion in long-term debt, and $2.1 billion in common equity. It has 600 million shares of common stock outstanding, and its stock price is $22 per share. What is Edelman's market/book ratio? Round your answer to two decimal places.

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