Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In December 2015. General Electric (GE) had a book value of equity of $976 billion, 9.4 billion shares outstanding, and a market price of $3189

image text in transcribed
In December 2015. General Electric (GE) had a book value of equity of $976 billion, 9.4 billion shares outstanding, and a market price of $3189 per share. GE also had cash of $102.9 billion, and total debt of $198.7 bilion a. What was GE's market capitalization? What was GE's market-to-book ratio? b. What was GE book del equity ratio? What was GE market debt equity ratio? e. What was GE's enterprise value? a. What was GE's market capitalization? GE's market capitalization was billion. (Round to one decimal place.)

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

Option Volatility And Pricing Advanced Trading Strategies And Techniques

Authors: Sheldon Natenberg

2nd Edition

0071818774, 978-0071818773

More Books

Students also viewed these Finance questions

Question

How do rituals and routines express organizational values?

Answered: 1 week ago