Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In December 2018, General Electric (GE) had a book value of equity of $51.3 billion, 8.6 billion shares outstanding, and a market price of $7.92
In December 2018, General Electric (GE) had a book value of equity of $51.3 billion, 8.6 billion shares outstanding, and a market price of $7.92 per share. GE also had cash of $69.5 billion, and total debt of $110.6 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.) What was GE's market-to-book ratio? GE's market-to-book ratio was (Round to two decimal places.) b. What was GE's book debt-equity ratio? GE's book debt-equity ratio was (Round to two decimal places.) What was GE's market debt-equity ratio? GE's market debt-equity ratio was (Round to two decimal places.) c. What was GE's enterprise value? GE's enterprise value was $ billion. (Round to one decimal place.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started