Question: eBook problem Walk - Through Edelman Engines has $ 1 8 billion in total assets - of which cash and equivalents total $ 1 2

eBook
problem Walk-Through
Edelman Engines has $18 billion in total assets - of which cash and equivalents total $120 million. Its balance sheet shows $2.7 billion in current liabilities - of which the notes payable balance totals $1.05 billion. The firm also has $10.8 billion in long-term debt and $4.5 billion in common equity. It has 300 million shares of common stock outstanding, and its stock price is $23 per share. The firm's EBITDA totals $0.897 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:
EV/EBITDA:
 eBook problem Walk-Through Edelman Engines has $18 billion in total assets

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