2015 Income Statement Revenue Cost of Goods Sold Gross Profit Sales and Marketing Administration Depreciation & Amortization EBIT Interest Income (Expense) Pretax Income Income Tax Net Income Shares Outstanding (millions) Earnings per Share Balance Sheet Assets Cash Accounts Receivable Inventory Total Current Assets Net Property, Plant & Equipment Goodwill & Intangibles Total Assets Liabilities & Stockholders' Equity (All data as of fiscal year end; in $ millions) 2012 2013 2014 399.8 365.5 421.5 (183.7) (170.5) (209.3) 216.1 195.0 212.2 (65.8) (67.8) (81.4) (59.3) (58.9) (59.7) (27.0) (28.7) (34.6) 64.0 39.6 36.5 (32.9) (34.2) (32.1) 31.1 5.4 4.4 (7.8) (1.4) (1.1) 23.3 4.0 3.3 55.4 55.4 55.4 $0.42 $0.07 $0.06 2012 2013 2014 509.9 (243.9) 266.0 (100.4) (67.2) (39.5) 58.9 (35.7) 23.2 (5.8) 17.4 55.4 $0.31 2015 2016 602.3 (289.9) 312.4 (116.9) (77.1) (39.3) 79.1 (41.0) 38.1 (9.5) 28.6 55.4 $0.52 2016 69.2 68.8 29.2 86.6 68.5 28.8 47.5 87.2 32.7 167.4 244.9 359.7 772.0 167.2 246.6 359.7 773.5 183.9 309.5 359.7 853.1 88.2 75.9 31.4 195.5 346.5 359.7 901.7 97.6 86.1 33.3 217.0 343.8 359.7 920.5 18.8 6.6 16.3 5.5 27.6 9.1 30.5 9.1 21.8 498.9 25.4 498.9 524.3 247.7 772.0 22.2 6.9 29.1 574.7 603.8 249.3 853.1 36.7 601.0 637.7 264.0 39.6 601.0 640.6 279.9 520.7 252.8 773.5 901.7 920.5 2014 2015 Accounts Payable Accrued Compensation Total Current Liabilities Long-Term Debt Total Liabilities Stockholders' Equity Total Liabilities & Stockholders' Equity Statement of Cash Flows Net Income Depreciation & Amortization Change in Accounts Receivable Change in Inventory Change in Pay. & Accrued Comp. Cash from Operations Capital Expenditures Cash from Investing Activ. Dividends Paid Sale (or Purchase) of Stock Debt Issuance (Pay Down) Cash from Financing Activ. Change in Cash Mydeco Stock Price 2012 23.3 27.0 3.9 (2.9) 2.6 53.9 (23.2) (23.2) (6.1) 2013 4.0 28.7 18.4 3.5 (3.6) 51.0 (23.2) (23.2) (6.1) 3.3 34.6 0.3 0.4 7.3 17.4 39.5 (7.4) (2.6) 7.6 54.5 (73.1) (73.1) (6.1) 2016 28.6 39.3 (10.2) (1.9) 2.9 58.7 (41.9) (41.9) (7.4) 45.9 (98.2) (98.2) (6.1) (6.1) 24.6 $8.28 (6.1) 21.7 $4.21 75.8 69.7 17.4 $6.04 26.3 20.2 1.6 $8.73 (7.4) 9.4 $12.31 In December 2015, General Electric (GE) had a book value of equity of $98.9 billion, 9.6 billion shares outstanding, and a market price of $29.39 per share. GE also had cash of $103.6 billion, and total debt of $198.8 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? a. What was GE's market capitalization? GE's market capitalization was $ billion. (Round to one decimal place.) 2015 Income Statement Revenue Cost of Goods Sold Gross Profit Sales and Marketing Administration Depreciation & Amortization EBIT Interest Income (Expense) Pretax Income Income Tax Net Income Shares Outstanding (millions) Earnings per Share Balance Sheet Assets Cash Accounts Receivable Inventory Total Current Assets Net Property, Plant & Equipment Goodwill & Intangibles Total Assets Liabilities & Stockholders' Equity (All data as of fiscal year end; in $ millions) 2012 2013 2014 399.8 365.5 421.5 (183.7) (170.5) (209.3) 216.1 195.0 212.2 (65.8) (67.8) (81.4) (59.3) (58.9) (59.7) (27.0) (28.7) (34.6) 64.0 39.6 36.5 (32.9) (34.2) (32.1) 31.1 5.4 4.4 (7.8) (1.4) (1.1) 23.3 4.0 3.3 55.4 55.4 55.4 $0.42 $0.07 $0.06 2012 2013 2014 509.9 (243.9) 266.0 (100.4) (67.2) (39.5) 58.9 (35.7) 23.2 (5.8) 17.4 55.4 $0.31 2015 2016 602.3 (289.9) 312.4 (116.9) (77.1) (39.3) 79.1 (41.0) 38.1 (9.5) 28.6 55.4 $0.52 2016 69.2 68.8 29.2 86.6 68.5 28.8 47.5 87.2 32.7 167.4 244.9 359.7 772.0 167.2 246.6 359.7 773.5 183.9 309.5 359.7 853.1 88.2 75.9 31.4 195.5 346.5 359.7 901.7 97.6 86.1 33.3 217.0 343.8 359.7 920.5 18.8 6.6 16.3 5.5 27.6 9.1 30.5 9.1 21.8 498.9 25.4 498.9 524.3 247.7 772.0 22.2 6.9 29.1 574.7 603.8 249.3 853.1 36.7 601.0 637.7 264.0 39.6 601.0 640.6 279.9 520.7 252.8 773.5 901.7 920.5 2014 2015 Accounts Payable Accrued Compensation Total Current Liabilities Long-Term Debt Total Liabilities Stockholders' Equity Total Liabilities & Stockholders' Equity Statement of Cash Flows Net Income Depreciation & Amortization Change in Accounts Receivable Change in Inventory Change in Pay. & Accrued Comp. Cash from Operations Capital Expenditures Cash from Investing Activ. Dividends Paid Sale (or Purchase) of Stock Debt Issuance (Pay Down) Cash from Financing Activ. Change in Cash Mydeco Stock Price 2012 23.3 27.0 3.9 (2.9) 2.6 53.9 (23.2) (23.2) (6.1) 2013 4.0 28.7 18.4 3.5 (3.6) 51.0 (23.2) (23.2) (6.1) 3.3 34.6 0.3 0.4 7.3 17.4 39.5 (7.4) (2.6) 7.6 54.5 (73.1) (73.1) (6.1) 2016 28.6 39.3 (10.2) (1.9) 2.9 58.7 (41.9) (41.9) (7.4) 45.9 (98.2) (98.2) (6.1) (6.1) 24.6 $8.28 (6.1) 21.7 $4.21 75.8 69.7 17.4 $6.04 26.3 20.2 1.6 $8.73 (7.4) 9.4 $12.31 In December 2015, General Electric (GE) had a book value of equity of $98.9 billion, 9.6 billion shares outstanding, and a market price of $29.39 per share. GE also had cash of $103.6 billion, and total debt of $198.8 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? a. What was GE's market capitalization? GE's market capitalization was $ billion. (Round to one decimal place.)