19. In December 2015, General Electric (GE) had a book value of equity of $98 billion, 9.4 billion shares outstanding, and a market price of $31 per share. GE also had cash of $102 billion, and total debt of $199 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?