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Please answer asap!! Edelman Engines has $18 billion in total assets of which cash and equivalents total $100 million. Its balance sheet shows $2.7 billion
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Edelman Engines has $18 billion in total assets of which cash and equivalents total $100 million. Its balance sheet shows $2.7 billion in current liabilities of which the notes payable balance totals $0.82 billion. The firm also has $8.1 billion in long-term debt and $7.2 billion in common equity. It has 300 million shares of common stock outstanding, and its stock price is $30 per share. The firm's EBITDA totals $1.44 billion. Assume the firm's debt is priced at par, so the market value of its debt equals its book value. What are Edelman's market/book and its EV/EBITDA ratios? Do not round Intermediate calculations. Round your answers to two decimal places MB: 1.25 EV/EBITDA: 11.81 Hide Feedback Partially Correct Step by Step Solution
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