In December 2021, General Electric (GE) had a book value of equity of ($40) billion,1.1 billion shares

Question:

In December 2021, General Electric (GE) had a book value of equity of $$40$ billion,1.1 billion shares outstanding, and a market price of $$94.47$ per share. GE also had cash of $$28$ billion, and total debt of $$35$ 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:

Related Book For book-img-for-question

Fundamentals Of Corporate Finance

ISBN: 9780137852581

6th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

See More Books

Question Posted: Apr 04, 2024 01:00 AM

See More 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...
Objectives Successful completion of this activity will show that you can... Recall key C# concepts and principles Use custom classes and methods Instantiate custom objects Use a validation class for...
A ball is dropped from a high rise platform at t = 0 starting from rest. After 6 seconds another ball is thrown downwards from the same platform with a speed v. The two balls meet at t = 18s. What is...
What are the main differences in the 14 steps used to do non-statistical sampling for tests of details of balances versus for tests of controls and substantive tests of transactions?
Prepare the balance sheet for Damon Design Studio as of December 31, 2018. The assets, liabilities, and equities of Damon Design Studio have the following balances at December 31, 2018. The retained...
A 2.3-kg ball dropped from a height of $2.0 \mathrm{~m}$ onto a steel plate rigidly attached to the ground bounces back to a height of $1.7 \mathrm{~m}$. (a) What is the impulse delivered to the...
The situations that follow pertain to Rule 101 of the AICPA Code of Professional Conduct as it relates to family relationships. Indicate whether each situation violates the Code and which provisions...
G is an individual GST registrant that files GST returns annually. At the beginning of year 20XX, G incorporated their sole proprietorship into G Inc., a wholly owned subsidiary of G, and registered...
In December 2021, Apple had cash of $$62.64$ billion, current assets of $$134.84$ billion, and current liabilities of $$125.48$ billion. It also had inventories of $$6.58$ billion. a. What...
See the cash flow statement below (all values in thousands of dollars): a. What were the companys cumulative earnings over these four quarters? What were its cumulative cash flows from operating...
Reimplement the CashRegister class so that it keeps track of the price of each added item in an ArrayList. Remove the itemCount and totalPrice instance variables. Reimplement the clear, addItem,...
Which of the following is an integral step in a pay-and-return scheme? 1. Establish a shell company. 2. Misappropriate the incoming check related to returned goods and deposit the check in a bank...
Which of the following is not a typical method that employees use to overstate legitimate expenses on their expense reports? 1. Create receipts. 2. Purchase an item at an inflated price and request...
In a fraud case, why does each party (e.g., management, board, audit committee, auditors, lawyers, etc.) usually blame another party for the fraud?
For a ghost employee, which of the following is not one of the four primary steps needed to make this scheme work? 1. Delivery of the paycheck to the ghost 2. Input a valid home address for the ghost...
The following is the inventory of items received to continue the examination at Johnson Real Estate. In this chapter, the goal is to focus on the missing deposits: who, what, when, where, and how....
Suggest a physical interpretation of the dependence of the Gibbs energy on the pressure.
a. Why does the Wi-Fi Alliance release compatibility testing profiles in waves instead of combining the entire standards features initially? 27a1.) An 802.11ac Wi-Fi compatibility testing profile...
The precursor of Positive Psychology was humanistic psychology. Who founded Humanistic Psychology and what is humanistic psychology?
Explain how social psychology is different from sociology, psychology, and other subfields of psychology. Why is there a need for social psychology as a unique scientific field different from the...
Discuss social psychology's role in psychology and how it is both similar and different from at least two other psychology disciplines, such as clinical psychology, cognitive psychology, or sociology.

In December 2021, General Electric (GE) had a book value of equity of ($40) billion,1.1 billion shares

Question:

Step by Step Answer:

Lets calculate each value a Market Capitalization and MarkettoBook Ratio Market Capitalization Marke...View the full answer

Fundamentals Of Corporate Finance

Students also viewed these Business questions