Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In early 2015, Ford Motor (F) had a book value of equity of $24.6 billion, 3.9 billion shares outstanding, and a market price of $15.53
In early 2015, Ford Motor (F) had a book value of equity of $24.6 billion, 3.9 billion shares outstanding, and a market price of $15.53 per share. Ford also had cash of $21.4 billion, and total debt of $118.8 billion. Three years later, in early 2018, Ford had a book value of equity of $34.5 billion, 10.7 billion shares outstanding with a market price of $11.36 per share, cash of $26.6 billion, and total debt of $155.4 billion. Over this period, what was the change in Ford's a. market capitalization? b. market-to-book ratio? c. enterprise value? a. Over the 3-year period, what was the change in Ford's market capitalization? The change in Ford's market capitalization was $ billion. (Round to two decimal places.) b. Over the 3-year period, what was the change in Ford's market-to-book ratio? The change in Ford's market-to-book ratio was (Round to two decimal places.) c. Over the 3-year period, what was the change in Ford's enterprise value? The change in Ford's enterprise value was $ billion. (Round to two decimal places.)
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