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Edelman Engines has $8 billion in total assets. Its balance sheet shows $1.6 billion in current...

Edelman Engines has $8 billion in total assets. Its balance sheet shows $1.6 billion in current liabilities, $3.6 billion in long-term debt, and $2.8 billion in common equity. It has 700 million shares of common stock outstanding, and its stock price is $23 per share. What is Edelman's market/book ratio? Round your answer to two decimal places.

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