Question: Can you please help me with this problem please? eBook Problem Walk-Through Edelman Engines has $19 billion in total assets of which cash and equivalents
Can you please help me with this problem please?
eBook Problem Walk-Through Edelman Engines has $19 billion in total assets of which cash and equivalents total $120 million. Its balance sheet shows $2.85 billion in current liabilities of which the notes payable balance totals $0.82 billion. The firm also has $8.55 billion in long- term debt and $7.6 billion in common equity. It has 400 million shares of common stock outstanding, and its stock price is $25 per share. The firm's EBITDA totals $1.2 billion. Assume the firm's debt is priced at par, so the market value of its debt equals its book value. What are Edelman's market/book and its EV/EBITDA ratios? Do not round intermediate calculations. Round your answers to two decimal places. M/B: 1.32 x EV/EBITDA
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