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8. Problem 4.04 (Market-Book and EV-EBITDA Ratios) eBook Problem Walk Through Edelman Engines has $19 billion in total assets - of which cash and equivalents

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8. Problem 4.04 (Market-Book and EV-EBITDA Ratios) eBook Problem Walk Through Edelman Engines has $19 billion in total assets - of which cash and equivalents total $110 million. Its balance sheet shows $7.8 billion in current liabilities - of which the notes payable balance totals $0.83 billion. The firm also has 9.5 billion in long-term debt and $5.7 billion in common equity. It has 300 million shares of common stock outstanding, and its stock price is $23 per share. The firm's EBITDA totals $1.035 billion: Assume the firm's debt is priced at par, so the market value of its debt equals its book value. What are Edelman's market/book and its IV/EBITDA ratios? Do not round intermediate calculations, Round your answers to two decimal places. M/B: 1.21 EV/EBITDA

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