Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In December 2021, General Electric (GE) had a book value of equily of $40,4 bilion, 1.5 bilion shares outstanding, and a market price of $94.26

image text in transcribed
In December 2021, General Electric (GE) had a book value of equily of $40,4 bilion, 1.5 bilion shares outstanding, and a market price of $94.26 per share. GE also had cash of $29.5 bilion, and totat debt of $33.3 bilion: a. What was GEs market capitalizalion? What was GEs macket-to-book ratio? b. What was GE's book debt-equity ratio? What was GE's market debt-oquty ratio? c. What was GEs enterprise value? a. What was GE's market capitalization? GEs 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

Benchmarking Islamic Finance

Authors: Mohd Ma'Sum Billah

1st Edition

0367546469, 978-0367546465

More Books

Students also viewed these Finance questions

Question

=+1. How does your message use verbal communication?

Answered: 1 week ago