MARKET/BOOK RATIO Edelman Engines has $17 billion in total assets. Its balance sheet shows $0.85 billion in current liab...
MARKET/BOOK RATIO
Edelman Engines has $17 billion in total assets. Its balance sheet shows $0.85 billion in current liabilities, $12.75 billion in long-term debt, and $3.4 billion in common equity. It has 500 million shares of common stock outstanding, and its stock price is $48 per share. What is Edelman's market/book ratio? Round your answer to two decimal places.
=_____x
Homework Answers
Market to Book Ratio=Stock Price*Number of shares/Common Equity
Book Value=500*48/3400=7.0588
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