In December 2018, General Electric (GE) had a book value of equity of $52 billion, 8.7 billion
Question:
In December 2018, General Electric (GE) had a book value of equity of $52 billion, 8.7 billion shares outstanding, and a market price of $8 per share. GE also had cash of $70 billion, and total debt of $110 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?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Execute a b c Enterprise value 696 110 70 1096 billion Evaluate GE has a markettobook ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Question Posted:
Students also viewed these Business questions
-
In early 2009, General Electric (GE) had a book value of equity of $105 billion, 10.5 billion shares outstanding, and a market price of $10.80 per share. GE also had cash of $48 billion, and total...
-
In early 2012, General Electric (GE) had a book value of equity of $116 billion, 10.6 billion shares outstanding, and a market price of $17 per share. GE also had cash of $84 billion, and total debt...
-
In June 2007, General Electric (GE) had a book value of equity of $117 billion, 10.3 billion shares outstanding, and a market price of $38.00 per share. GE also had cash of $16 billion, and total...
-
The given graph is a transformation of one of the six basic functions. Find an equation for the given graph. 10 'y -1 -2 -3 -5 -6 -7 -8 -9 -10 -15 -13 -9 -8 -7 -6 -5 4 3 -2 -1 0 1 2 3 45 -11
-
For X ~ N(32, 72), find two values x1 and x2, symmetrically lying on each side of the mean, with P(x1 < X < x2) = 0.99.
-
Consider Dell Computer Corporation, which markets its products directly from the manufacturing facilities to customers through purchases on the Internet or via telephone. a. Discuss the...
-
The following data apply to each of four different populations: Required: a. Compute the planned beta risk for each population. b. Calculate the precision to be used in determining sample size for...
-
Reeves Company manufactures molded candles that are finished by hand. The company developed the following standards for a new line of drip candles: Amount of direct materials per candle ......1.6...
-
ABC, Inc. uses a periodic inventory system and reported $300,000 of inventory as of December 31, 2014. Upon reviewing the company's records, the auditor noted the following items which may have been...
-
In early 2019, the following information was true about Abercrombie and Fitch (ANF) and The Gap (GPS), both clothing retailers. Values (except price per share) are in millions of dollars. a. What is...
-
Nokela Industries purchases a $40 million cyclo-converter. The cyclo-converter will be depreciated by $10 million per year over four years, starting this year. Suppose Nokelas tax rate is 25%. a....
-
When you have beginning work-in-process inventory, why is the weighted average method preferred in practice over the First-In-First-Out (FIFO) and Last-In-First-Out (LIFO) methods?
-
Explain three (3) benefits of entrepreneurs , who create business plans before launching their companies reap?
-
How would you stay up-to-date on the latest trends in hospitality? Explain
-
How does the concept of privilege levels (such as user mode and kernel mode) enhance the security and stability of an operating system?
-
i) Canadian-based mining company Canada Gold (CG) suspended its dividend in March 2016 as a result of declining gold prices and delays in obtaining permits for its mines in Greece. Suppose you expect...
-
A stock just paid a dividend of $2.52. The dividend is expected to grow at 24.31% for two years and then grow at 3.95% thereafter. The required return on the stock is 14.58%. What is the value of the...
-
Consider two portfolios, one composed of 4 securities and the other of 10 securities. All the securities have a beta of 1 and unique risk of 30%. Each portfolio distributes weight equally among its...
-
The baseball player A hits the ball from a height of 3.36 ft with an initial velocity of 34.8 ft/s. 0.14 seconds after the ball is hit, player B who is standing 15 ft away from home plate begins to...
-
You are considering the following two projects and can only take one. Your cost of capital is 11%. a. What is the NPV of each project at your cost of capital? b. What is the IRR of each project? c....
-
Gateway Tours is choosing between two bus models. One is more expensive to purchase and maintain, but lasts much longer than the other. Its discount rate is 11%. It plans to continue with one of the...
-
Orchid Biotech Company is evaluating several development projects for experimental drugs. Although the cash flows are difficult to forecast, the company has come up with the following estimates of...
-
The following split back-to-back stem-and-leaf plot shows the monthly insurance premiums paid by a sample of 62 students based on their location (23 from the South and 39 from the North) in the same...
-
Envelope Company began operations this month mass-producing pull-and-seal envelopes. During the month of July, it completed 25,000 units and has 20,000 units that are 65% complete. It had product...
-
The Wall Street Journal that 30-day T-bills are currently yielding 5.1%. Your brother-in-law, a broker at Safe and Sound Securities, has given you the following estimates of current interest rate...
Study smarter with the SolutionInn App