Raleigh has $15 bilion in total assets. Its balance sheet shows $2 billion in current liabilities . $5 billion in long term debt, and $8 billion in common equity. It has 750 million of shares of common stock outstanding, and its stock price is $37 per share. What is Raleigh market to book ratio? Solution common equity = $8 billion Long term debt = $ 5 billion Current liab = $2 billion Total liability 15 billion Total asset 15 billion Market to bookvalue also called price to book value = share price /share book value (Total asset - liabilities ) 37/(15-2) = 37/13 = 2.84 Total asset = $15 billion.