In December 2015, General Electric (GE) had a book value of equity of $97.5 billion, 9.3 billion shares outstanding, and a market price of $32.86 per share. GE also had cash of $100.6 billion, and total debt of $200.1 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? a. What was GE's market capitalization? GE's market capitalization was $ billion. (Round to one decimal place.) In December 2015 , Apple had cash of $37.72 billion, current assets of $76.41 billion, and current liabilities of $76.31 billion. It also had inventories of $2.45 billion. a. What was Apple's current ratio? b. What was Apple's quick ratio? c. In January 2016, Hewlett-Packard had a quick ratio of 0.66 and a current ratio of 0.90. What can you say about the asset liquidity of Apple relative to Hewlett-Packard? a. What was Apple's current ratio? Apple's current ratio was (Round to two decimal places.) Local Co. has sales of $10.5 million and cost of sales of $5.6 million. Its selling, general and administrative expenses are $540,000 and its research and development is $1.4 million. It has annual depreciation charges of $1.3 million and a tax rate of 35%. a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? a. What is Local's gross margin? Local's gross margin is \%. (Round to one decimal place.) Chutes \& Co. has interest expense of $1.13 million and an operating margin of 10.4% on total sales of $29.1 million. What is Chutes' interest coverage ratio? The interest coverage ratio is times. (Round to one decimal place.) JPJ Corp has sales of $1.04 million, accounts receivable of $47,000, total assets of $4.88 million (of which $2.86 million are fixed assets), inventory of $142,000, and cost of goods sold of $602,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? What is JPJ's accounts receivable days? JPJ's accounts receivable days are days. (Round to two decimal places.) In early 2016, the following information was true about Abercrombie and Fitch (ANF) and The Gap (GPS), both clothing retailers. Values (except price per share) are in millions of dollars. a. What is the market-to-book ratio of each company? b. What conclusion do you draw from comparing the two ratios? a. What is the market-to-book ratio of each company? The market-to-book ratio for ANF is (Round to two decimal places.) Ladders, Inc. has a net profit margin of 5.1% on sales of $51.2 million. It has book value of equity of $40.5 million and total book liabilities of $31.6 million. What is Ladders' ROE? ROA? Note: Assume the value of Interest Expense is equal to zero. What is Ladders' ROE? Ladders' ROE is \%. (Round to two decimal places.)