Question
Edelman Engines has $16 billion in total assets. Its balance sheet shows $0.8 billion in current liabilities, $8.8 billion in long-term debt, and $6.4 billion
Edelman Engines has $16 billion in total assets. Its balance sheet shows $0.8 billion in current liabilities, $8.8 billion in long-term debt, and $6.4 billion in common equity. It has 400 million shares of common stock outstanding, and its stock price is $38 per share. What is Edelman's market/book ratio? Round your answer to two decimal places.
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
6th Edition
150639681X, 978-1506396811
