Requlred: A firm has current assets that could be sold for thelr book value of...
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Requlred: A firm has current assets that could be sold for thelr book value of \\( \\$ 10 \\) million. The book value of its fixed assets is \\( \\$ 60 \\) million, but they could be sold for \\( \\$ 90 \\) million today. The firm has total debt with a book value of \\( \\$ 40 \\) million, but Interest rate declines have caused the market value of the debt to Increase to \\( \\$ 50 \\) million. What is this firm's market-to-book ratlo? (Round your answer to 2 decimal places.)
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Requlred: A firm has current assets that could be sold for thelr book value of \\( \\$ 10 \\) million. The book value of its fixed assets is \\( \\$ 60 \\) million, but they could be sold for \\( \\$ 90 \\) million today. The firm has total debt with a book value of \\( \\$ 40 \\) million, but Interest rate declines have caused the market value of the debt to Increase to \\( \\$ 50 \\) million. What is this firm's market-to-book ratlo? (Round your answer to 2 decimal places.) 