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Keep the Highest $\frac{0.}{2}$

$2.$ Problem $4\mathrm{.}04($Market$-$Book and EV$-$EBITDA Ratios$)$

$$ Edelman Engines has $$12$ billion in total assets $-$ of which cash and equivalents total $$110$ million. Its balance sheet shows $$2\mathrm{.}4$ billion in current liabilities $-$ of which the notes payable balance totals $$0\mathrm{.}93$ billion. The firm also has $$5\mathrm{.}4$ billion in long$-$term debt and $$4\mathrm{.}2$ billion in common equity. It has $300$ million shares of common stock outstanding, and its stock price is $$23$ per share. The firm's EBITDA totals $$1\mathrm{.}104$ 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 EV$/$EBITDA ratios? Do not round intermediate calculations. Round your answers to two decimal places.

M$/$B: $$

EV$/$EBITDA: $$

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