Question
Click here to read the eBook: Market Value Ratios MARKET/BOOK RATIO Edelman Engines has $11 billion in total assets. Its balance sheet shows $0.55
Click here to read the eBook: Market Value Ratios MARKET/BOOK RATIO Edelman Engines has $11 billion in total assets. Its balance sheet shows $0.55 billion in current liabilities, $7.15 billion in long-term debt, and $3.3 billion in common equity. It has 500 million shares of common stock outstanding, and its stock price is $49 per share. What is Edelman's market/book ratio? Round your answer to two decimal places.
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International Money and Finance
Authors: Michael Melvin, Stefan C. Norrbin
8th edition
978-8131234136, 123852471, 978-0123852472
