Black Dahlia Corp.’s stock price at the end of last year was $45.43

Question: Black Dahlia Corp.’s stock price at the end of last…

Black Dahlia Corp.’s stock price at the end of last year was $45.43. Black Dahlia Corp.’s total common equity is $116.56 million. The company has 7.96 million shares outstanding. What is the firm’s market-to-book ratio? Round the answer to two decimal places.