Greene, Inc.'s balance sheet indicates that the book value of​ stockholders' equity​ (book value per share×total shares​ outstanding) is $750,800. The​ firm's earnings per share are $3.24​, which produces a​ price-earnings ratio of 12.32. If there are 49,000 shares of common stock​ outstanding, what is the​ firm's market-to-book ratio​ (i.e., the ratio of price per share to book value per​ share)? What does the​ market-to-book ratio tell​ us?

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