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Edelman Engines has $20 billion in total assets -- of which cash and equivalents total $120 million. Its balance sheet shows $4 billion in current
Edelman Engines has $20 billion in total assets -- of which cash and equivalents total $120 million. Its balance sheet shows $4 billion in current liabilities - of which the notes payable balance totals $0.94 billion. The firm also has $10 billion in long-term debt and 56 billion in common equity. It has 300 million shares of common stock outstanding, and its stock price is $38 per share. The firm's EBITDA totals $1.368 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: x EV/EBITDA
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