Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

n December 2015, General Electric (GE) had a book value of equity of $97.8 billion, 9.2 billion shares outstanding, and a market price of $28.79

image text in transcribed

n December 2015, General Electric (GE) had a book value of equity of $97.8 billion, 9.2 billion shares outstanding, and a market price of $28.79 per share. GE also had cash of $102.8 billion, and total debt of $199.8 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_2

Step: 3

blur-text-image_3

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

Public Finance

Authors: Richard W. Tresch

3rd Edition

012415834X, 9780124158344

More Books

Students also viewed these Finance questions

Question

Verify the expressions in (12.2.7). by'+ ab 1+82 (12.2.7) z,

Answered: 1 week ago

Question

a sin(2x) x Let f(x)=2x+1 In(be)

Answered: 1 week ago