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Edelman Engines has $20 billion in total assets- of which cash and equivalents total $90 million. Its balance sheet shows $3 billion in current
Edelman Engines has $20 billion in total assets- of which cash and equivalents total $90 million. Its balance sheet shows $3 billion in current liabilities of which the notes payable balance totals $0.87 billion. The firm also has $9 billion in long-term debt and $8 billion in common equity. It has 400 million shares of common stock outstanding, and its stock price is $35 per share. The firm's EBITDA totals $2.24 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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