Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In April 2013, General Electric (GE) had a book value of equity of $122.1 billion, 10.2 billion shares outstanding, and a market price of $24.06

image text in transcribed

In April 2013, General Electric (GE) had a book value of equity of $122.1 billion, 10.2 billion shares outstanding, and a market price of $24.06 per share. GE also had cash of $89.5 billion, and total debt of $397.1 billion. a. What was GE's market capitalization? What was GE's market-to-book ratio? b. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio? c. What was GE's enterprise value

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Principles And Applications

Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.

10th Edition

0131450654, 9780131450653

More Books

Students also viewed these Finance questions