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  3. edelman engines has $14 billion in total assets o

Edelman Engines has $14 billion in total assets of which cash and equivalents total...

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Accounting

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Edelman Engines has $14 billion in total assets of which cash and equivalents total $90 million. Its balance sheet shows $2.1 billion in current liabilities - of which the notes payable balance totals $1.19 billion. The firm also has $7.7 billion in long-term debt and $4.2 billion in common equity. It has 300 million shares of common stock outstanding, and its stock price is $22 per share. The firm's EBITDA totals $0.924 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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