Edelman Engines has $18 billion in total assets — of which cash and equivalents total $120...

90.2K

Verified Solution

Question

Finance

Edelman Engines has $18 billion in total assets — of which cashand equivalents total $120 million. Its balance sheet shows $3.6billion in current liabilities — of which the notes payable balancetotals $1.04 billion. The firm also has $9.9 billion in long-termdebt and $4.5 billion in common equity. It has 300 million sharesof common stock outstanding, and its stock price is $26 per share.The firm's EBITDA totals $1.248 billion. Assume the firm's debt ispriced at par, so the market value of its debt equals its bookvalue. What are Edelman's market/book and its EV/EBITDA ratios? Donot round intermediate calculations. Round your answers to twodecimal places.

m/b

ev/ebitda

Answer & Explanation Solved by verified expert
4.5 Ratings (686 Votes)
SEE THE    See Answer
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!
Become a Member

Other questions asked by students