Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In December 2018, General Electric (GE) had a book value of equity of $52.0 billion, 8.7 billion shares outstanding, and a market price of $8.00

image text in transcribed

In December 2018, General Electric (GE) had a book value of equity of $52.0 billion, 8.7 billion shares outstanding, and a market price of $8.00 per share. GE also had cash of $70.0 billion, and total debt of $110.0 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

Fundamentals Of Institutional Asset Management

Authors: Frank J Fabozzi, Francesco A Fabozzi

1st Edition

9811220034, 9789811220036

More Books

Students also viewed these Finance questions