Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In early 2012, General Electric (GE) had a book value of equity of $ 116 billion, 10.6 billion shares outstanding, and a market price of

In early 2012, General Electric (GE) had a book value of equity of $ 116 billion, 10.6 billion shares outstanding, and a market price of $ 17.00 per share. GE also had cash of $ 84 billion, and total debt of $ 410 billion. Three years later, in early 2015, GE had a book value of equity of $ 128 billion, 10.0 billion shares outstanding with a market price of $ 25.00 per share, cash of $ 85 billion, and total debt of $ 302 billion. Over this period, what was the change in GE's

Question: From 2012 until 2015, what was GE's change in market debt-equity ratio?

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

Contemporary Issues In Quantitative Finance

Authors: Ahmet Can Inci

1st Edition

1032101121, 978-1032101125

More Books

Students also viewed these Finance questions

Question

What is the advantage of transmitting power at high voltages?

Answered: 1 week ago