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K In December 2018, General Electric (GE) had a book value of equity of $52.2 billion, 8.7 billion shares outstanding, and a market price of $8.05 per share. GE also had cash of $71.8 billion, and total debt of $107.1 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 $ ** What was GE's market-to-book ratio? GE'S market-to-book ratio was b. What was GE's book debit-equity 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.) 3 c. What was GE's enterprise value? GE's enterprise value was $ billion. (Round to one decimal place.) billion. (Round to one decimal place) (Round to two decimal plades.) ratio? * 1 All CHEER

K In December 2018, General Electric (GE) had a book value of equity of $52.2 billion, 8.7 billion shares outstanding, and a market price of $8.05 per share. GE also had cash of $71.8 billion, and total debt of $107.1 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 $ ** What was GE's market-to-book ratio? GE'S market-to-book ratio was b. What was GE's book debit-equity 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.) 3 c. What was GE's enterprise value? GE's enterprise value was $ billion. (Round to one decimal place.) billion. (Round to one decimal place) (Round to two decimal plades.) ratio? * 1 All CHEER

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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In December 2018, General Electric (GE) had a book value of equity of $52.2 billion, 8.7 billion shares outstanding, and a market price of $8.05 per share. GE also had cash of $71.8 billion, and total debt of $107.1 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 $ What was GE's market-to-book ratio? GE'S market-to-book ratio was Round to two decimal plades.) b. What was GE's book debt-equity ratio? GE's book debt-equity ratio was (Round to two decimal places.) billion. (Round to one decimal place) * What was GE's market debt-equity ratio? GE's market debt-equity ratio was (Round to two decimal places.) 3 c. What was GE's enterprise value? GE's enterprise value was $ billion. (Round to one decimal place) 1 M COLMAR
Transcribed Image Text:In December 2018, General Electric (GE) had a book value of equity of $52.2 billion, 8.7 billion shares outstanding, and a market price of $8.05 per share. GE also had cash of $71.8 billion, and total debt of $107.1 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 $ What was GE's market-to-book ratio? GE'S market-to-book ratio was Round to two decimal plades.) b. What was GE's book debt-equity ratio? GE's book debt-equity ratio was (Round to two decimal places.) billion. (Round to one decimal place) * What was GE's market debt-equity ratio? GE's market debt-equity ratio was (Round to two decimal places.) 3 c. What was GE's enterprise value? GE's enterprise value was $ billion. (Round to one decimal place) 1 M COLMAR
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