In December 2018, General Electric (GE) had a book value of equity of $51.5 billion, 8.6 billion shares outstanding, and a market price of $7.93 per share. GE also had cash of $69.9 billion, and total debt of $109.5 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.) What was GE's market-to-book ratio? GE's market-to-book ratio was enter your response here . (Round to two decimal places.) Part 3 b. What was GE's book debt-equity ratio? GE's book debt-equity ratio was enter your response here . (Round to two decimal places.) Part 4 What was GE's market debt-equity ratio? GE's market debt-equity ratio was enter your response here . (Round to two decimal places.) c. What was GE's enterprise value? GE's enterprise value was $enter your response here billion. (Round to one decimal place.)
In December 2018, General Electric (GE) had a book value of equity of $51.5 billion, 8.6 billion shares outstanding, and a market price of $7.93 per share. GE also had cash of $69.9 billion, and total debt of $109.5 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.) What was GE's market-to-book ratio? GE's market-to-book ratio was enter your response here . (Round to two decimal places.) Part 3 b. What was GE's book debt-equity ratio? GE's book debt-equity ratio was enter your response here . (Round to two decimal places.) Part 4 What was GE's market debt-equity ratio? GE's market debt-equity ratio was enter your response here . (Round to two decimal places.) c. What was GE's enterprise value? GE's enterprise value was $enter your response here billion. (Round to one decimal place.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In December 2018, General Electric (GE) had a book value of equity of $51.5 billion, 8.6 billion shares outstanding, and a market price of $7.93 per share. GE also had cash of $69.9 billion, and total debt of $109.5 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.)
What was GE's market-to-book ratio?
GE's market-to-book ratio was
enter your response here
. (Round to two decimal places.)
Part 3
b. What was GE's book debt-equity ratio?
GE's book debt-equity ratio was
enter your response here
. (Round to two decimal places.)
Part 4
What was GE's market debt-equity ratio?
GE's market debt-equity ratio was
enter your response here
. (Round to two decimal places.)
c. What was GE's enterprise value?
GE's enterprise value 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 $51.5 billion, 8.6 billion shares outstanding, and a market price of $7.93 per share. GE also had cash of
rat
$69.9 billion, and total debt of $109.5 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?
o or
a. What was GE's market capitalization?
GE's market capitalization was $ billion. (Round to one decimal place.)
What was GE's market-to-book ratio?
GE's market-to-book ratio was
I. (Round to two decimal places.)
ecim
b. What was GE's book debt-equity ratio?
GE's book debt-equity ratio was
(Round to two decimal places.)
What was GE's market debt-equity ratio?
GE's market debt-equity ratio was
(Round to two decimal places.)
o deci
c. What was GE's enterprise value?
GE's enterprise value was S billion. (Round to one decimal place.)
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