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Q Search this course odule 1 Homework Check My Work (s rmmaining) Click here to read the eBook: Market Value Ratios MARKET/BOOK RATLO Edeliman Engines has $6 billion in total assets. Its balance sheet shows $o.9 bition in current labis $3.3 bition in lng erm deb, and $3iton in common common stock outstanding, and its stock price is $38 per share. What is Edeimans market/book ratio? Round your answer to twa decinal Check My Work MacBook Pro G Search or type URL 5 6 2 3 command option option command rol
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Answer #1
Book Value per Share;
Common Equity in Millions (1.8*1000) 1800 millions
Divide: Number of shares outstanding 300 millions
Book Value per Share; 6
Market/Book ratio:
Market price per share 38
Divide: Book value per share 6
Market/Book ratio: 6.33 x
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