Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE OPEN THE IMAGE IN A NEW TAB FOR A ZOOMED IN VERSION Round to one decimal Round to one decimal Round to one decimal

PLEASE OPEN THE IMAGE IN A NEW TAB FOR A ZOOMED IN VERSION

Round to one decimalimage text in transcribedRound to one decimalimage text in transcribedRound to one decimalimage text in transcribed

In 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 $33.13 per share. GE also had cash of $102.9 billion, and total debt of $198.9 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? In December 2015, Apple had cash of $38.33 billion, current assets of $76.05 billion, and current liabilities of $76.45 billion. It also had inventories of $2.45 billion. a. What was Apple's current ratio? b. What was Apple's quick ratio? c. In January 2016, Hewlett-Packard had a quick ratio of 0.66 and a current ratio of 0.90. What can you say about the asset liquidity of Apple relative to Hewlett-Packard? Local Co. has sales of $10.4 million and cost of sales of $5.7 million. Its selling general and administrative expenses are $460,000 and its research and development is $1.1 million. It has annual depreciation charges of $1.5 million and a tax rate of 35%. a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin

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

Fundamentals of Investment Management

Authors: Geoffrey Hirt, Stanley Block

10th edition

0078034620, 978-0078034626

More Books

Students also viewed these Finance questions

Question

1. Identify an organization to analyze, preferably your employer.

Answered: 1 week ago

Question

How is the NDAA used to shape defense policies indirectly?

Answered: 1 week ago

Question

LO2.2 List the main characteristics of the market system.

Answered: 1 week ago

Question

LO2.5 Describe the mechanics of the circular flow model.

Answered: 1 week ago