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In December 2018, General Electric (GE) had a book value of equity of $52.6 billion, 8.7 billion shares outstanding, and a market price of $8.01 per share. GE also had cash of $70.8 billion, and total debt of $109.3 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 $ billion. (Round to one decimal place) What was GE's market-to-book ratio? GE's market-to-book ratio was b. What was GE's book debt-equity GE's book debt-equity ratio was What was GE's market debt-equity ratio? GE's market debt-equity ratio was c. What was GE's enterprise value? GE's enterprise value was $ billion. (Round to one decimal place:) (Round to two decimal places.) ratio? (Round to two decimal places) (Round to two decimal places.)

In December 2018, General Electric (GE) had a book value of equity of $52.6 billion, 8.7 billion shares outstanding, and a market price of $8.01 per share. GE also had cash of $70.8 billion, and total debt of $109.3 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 $ billion. (Round to one decimal place) What was GE's market-to-book ratio? GE's market-to-book ratio was b. What was GE's book debt-equity GE's book debt-equity ratio was What was GE's market debt-equity ratio? GE's market debt-equity ratio was c. What was GE's enterprise value? GE's enterprise value was $ billion. (Round to one decimal place:) (Round to two decimal places.) ratio? (Round to two decimal places) (Round to two decimal places.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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E In December 2018, General Electric (GE) had a book value of equity of $52.6 billion, 8.7 billion shares outstanding, and a market price of $8.01 per share. GE also had cash of $70.8 billion, and total debt of $109.3 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 $ billion. (Round to one decimal place) What was GE's market-to-book ratio? GE's market-to-book ratio was b. What was GE's book debt-equity GE's book debt-equity ratio was What was GE's market debt-equity ratio? GE's market debt-equity ratio was c. What was GE's enterprise value? GE's enterprise value was $ billion. (Round to one decimal place:) (Round to two decimal places.) ratio? (Round to two decimal places) (Round to two decimal places.) B
Transcribed Image Text:E In December 2018, General Electric (GE) had a book value of equity of $52.6 billion, 8.7 billion shares outstanding, and a market price of $8.01 per share. GE also had cash of $70.8 billion, and total debt of $109.3 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 $ billion. (Round to one decimal place) What was GE's market-to-book ratio? GE's market-to-book ratio was b. What was GE's book debt-equity GE's book debt-equity ratio was What was GE's market debt-equity ratio? GE's market debt-equity ratio was c. What was GE's enterprise value? GE's enterprise value was $ billion. (Round to one decimal place:) (Round to two decimal places.) ratio? (Round to two decimal places) (Round to two decimal places.) B
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