Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Page 2 of 4 Question 2 (1 point) In March 2019, ABCDE (AB) had a book value of equity of $13 billion, 3.9 billion shares
Page 2 of 4 Question 2 (1 point) In March 2019, ABCDE (AB) had a book value of equity of $13 billion, 3.9 billion shares outstanding, and a market price of $37 per share. AB also had cash of $102 billion, and total debt of $55 billion. What was AB's book debt-equity ratio? (Provide the numeric answer to 2 decimal places.) Your
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