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Edelman Engines has $18 billion in total assets of which cash and equivalents total $110 million. Its balance sheet shows $3.6 billion in current liabilities

Edelman Engines has $18 billion in total assets
of which cash and equivalents total $110 million. Its
balance sheet shows $3.6 billion in current liabilities of which the notes payable balance totals $1.03 billion. The firm also has $9 billion in
long-term debt and $5.4 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 $1.104 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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