The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. 
-What is the firm's market-to-book ratio?
Definitions:
Assimilation
The cognitive process by which new information is interpreted and integrated into existing knowledge structures or schemas.
Piaget's Processes
The cognitive developmental stages defined by Jean Piaget that detail how children's thinking evolves with age, including sensorimotor, preoperational, concrete operational, and formal operational stages.
Assimilation
The cognitive process by which new information is interpreted or transformed to fit into existing knowledge or schemas.
Substitution
Substitution in behavior refers to the process of replacing one activity or stimulus with another, often seen in coping strategies.
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