#11 Edelman Engines has $13 billion in total assets of which cash and equivalents...
90.2K
Verified Solution
Link Copied!
Question
Finance
#11
Edelman Engines has $13 billion in total assets of which cash and equivalents total $80 million. Its balance sheet shows $1.95 billion in current liabilities of which the notes payable balance totals $0.95 billion. The firm also has $5.85 billion in long-term debt and $5.2 billion in common equity. It has 400 million shares of common stock outstanding, and its stock price is $24 per share. The firm's EBITDA totals $1.344 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:
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
