Question: In December 2 0 2 1 2 0 2 1 , General Electric ( GEGE ) had a book value of equity of $ 4

In December
20212021,
General Electric
(GEGE)
had a book value of equity of
$40.740.7
billion,
1.51.5
billion shares outstanding, and a market price of
$92.0992.09
per share.
GEGE
also had cash of
$29.329.3
billion, and total debt of
$36.336.3
billion.
a. What was
GEGE's
market capitalization? What was
GEGE's
market-to-book ratio?
b. What was
GEGE's
book debt-equity ratio? What was
GEGE's
market debt-equity ratio?
c. What was
GEGE's
enterprise value?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!