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Please provide step by step instructions! Thank you Edelman Engines has $13 billion in total assets - of which cash and equivalents total $120 miliion.
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Edelman Engines has $13 billion in total assets - of which cash and equivalents total $120 miliion. Its balance sheet shows $1.95 billion in current liabilities - of which the notes payable balance totals $0.87 billion. The firm also has $7.15 billion in long-term debt and $3.9 billion in common equity. It has 300 milton shares of common stock outstanding, and its stock price is $20 per share. The firm's EBITDA totals $0.9 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. M/B: x EV/EBITDA Step by Step Solution
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