Question: 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

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 $1.02 billion. The firm also has $10.8 billion in long-term debt and $4.5 billion in common equity. It has 500 million shares of common stock outstanding, and its stock price is $43 per share. The firm's EBITDA totals $2.795 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:

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