Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. edelman engines has $19 billion in total assets o

Edelman Engines has $19 billion in total assets of which cash and equivalents total...

80.2K

Verified Solution

Question

Accounting

Edelman Engines has $19 billion in total assets of which cash and equivalents total $100 million. Its balance sheet shows $2.85 billion in current liabilities of which the notes payable balance totals $1.04 billion. The firm also has $8.55 billion in long-term debt and $7.6 billion in common equity. It has 400 million shares of common stock outstanding, and its stock price is $28 per share. The firm's EBITDA totals $1.568 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.

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!
Become a Member

Other questions asked by students

Q

Describe how your biceps muscle contracts IN SERIES AT CELLULAR & MYOFIBER LEVELS when you drink...

Medical Sciences
Q

7- a) What components determine the frequency of an astable, 555 oscillator? Draw the circuit. b) Draw a...

Electrical Engineering
Q

An 8 in. diameter grinding wheel, 1 in. wide, is used in a surface grinding operation...

Mechanical Engineering
Q

Match the expression on the left with its simplified form on the right. Answer options...

Basic Math
Q

If there are n? of type 1, n? of type 2, and so on, for...

Basic Math
Q

ountain officials want to build a new ski lift from B to C as shown...

Calculus
Q

d 32 3 4 x 6 a 2 b 10 c 2 d 10 d...

Algebra
Q

Determine the missing amount from each of the separate situations given below. Liabilities $ 48,000...

Accounting
Q

project no total score work effort ufp rating...

Accounting
Q

Manufacturing overhead data for the production of Product B by North Bank Inc. are as...

Accounting
Q

Noteworthy, Incorporated, produces and sells small electronic keyboards. Assume that you have the following information...

Accounting
Q

The subsidiary's functional currency is the euro. Which statement below is false? Sales revenue will...

Accounting