In December 2021, General Electric (GE) had a book value of equity of ($40) billion,1.1 billion shares

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In December 2021, General Electric (GE) had a book value of equity of $$40$ billion,1.1 billion shares outstanding, and a market price of $$94.47$ per share. GE also had cash of $$28$ billion, and total debt of $$35$ billion.

a. What was GE’s market capitalization? What was GE’s market-to-book ratio?

b. What was GE’s book debt-equity ratio? What was GE’s market debt-equity ratio?

c. What was GE’s enterprise value?

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Fundamentals Of Corporate Finance

ISBN: 9780137852581

6th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Apr 04, 2024 01:00 AM

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In December 2021, General Electric (GE) had a book value of equity of ($40) billion,1.1 billion shares

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Lets calculate each value a Market Capitalization and MarkettoBook Ratio Market Capitalization Marke...View the full answer

Fundamentals Of Corporate Finance

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