Question: Could you please put step by step of the answer? Thank you very much . In December 2015, General Electric (GE) had a book value
Could you please put step by step of the answer?
Thank you very much .
In December 2015, General Electric (GE) had a book value of equity of $97.1 billion, 9.4 billion shares outstanding, and a market price of $30.34 per share. GE also had cash of $102.3 billion, and total debt of $198.7 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.)
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