Business
Business, 20.11.2019 17:31, nicole10perez

Afirm has current assets that could be sold for their book value of $24 million. the book value of its fixed assets is $62 million, but they could be sold for $92 million today. the firm has total debt with a book value of $42 million, but interest rate declines have caused the market value of the debt to increase to $52 million. what is the ratio of the market value of equity to its book value? (round your answer to 2 decimal places.) market-to-book ratio

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