In December 2018, General Electric (GE) had a book value of equity of $51.3 billion, 8.9 billion shares outstanding, and a market price of $7.92 per share. GE also had cash of $69.7 billion, and total debt of $108.9 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? a. What was GE's market capitalization? GE's market capitalization was $enter your response here billion. (Round to one decimal place.)
In December 2018, General Electric (GE) had a book value of equity of $51.3 billion, 8.9 billion shares outstanding, and a market price of $7.92 per share. GE also had cash of $69.7 billion, and total debt of $108.9 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? a. What was GE's market capitalization? GE's market capitalization was $enter your response here billion. (Round to one decimal place.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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In December 2018, General Electric (GE) had a book value of equity of $51.3 billion, 8.9 billion shares outstanding, and a market price of $7.92 per share. GE also had cash of $69.7 billion, and total debt of $108.9 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?
a. What was GE's market capitalization?
GE's market capitalization was $enter your response here
billion. (Round to one decimal place.)
Transcribed Image Text:In December 2018, General Electric (GE) had a book value of equity of $51.3 billion, 8.9 billion shares outstanding, and a market price of $7.92 per share. GE also
had cash of $69.7 billion, and total debt of $108.9 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?
a. What was GE's market capitalization?
GE's market capitalization was S
billion. (Round to one decimal place.)
Expert Solution
Given:
Here,
Book Value of Equity is $51.3 billion
No. of Shares Outstanding is 8.9 billion
Market Price per Share is $7.92
Cash is $69.7 billion
Total Debt is $108.9 billion
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