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Check My Work (No more tries available) eBook Problem Walk-Thi Edelman Engines has $8 billion in total assets of which cash and equivalents total $120
Check My Work (No more tries available) eBook Problem Walk-Thi Edelman Engines has $8 billion in total assets of which cash and equivalents total $120 million. Its balance sheet shows $1.6 billion in current liabilities of which the notes payable balance totals $0.87 billion. The firm also has $4.8 billion in long-term debt and $1.6 billion in common equity. It has 600 million shares of common stock outstanding, and its stock price is $30 per share. The firm's EBITDA totals $2.7 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: 11.25 x EV/EBITDA: 63.59 Hide Feedback Partially Correct
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