Edelman Engines has $15 billion in total assets. Its balance sheet shows $0.75 billion in current liabilities, $6.75 bil

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answerhappygod
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Edelman Engines has $15 billion in total assets. Its balance sheet shows $0.75 billion in current liabilities, $6.75 bil

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Edelman Engines Has 15 Billion In Total Assets Its Balance Sheet Shows 0 75 Billion In Current Liabilities 6 75 Bil 1
Edelman Engines Has 15 Billion In Total Assets Its Balance Sheet Shows 0 75 Billion In Current Liabilities 6 75 Bil 1 (40.77 KiB) Viewed 11 times
Edelman Engines has $15 billion in total assets. Its balance sheet shows $0.75 billion in current liabilities, $6.75 billion in long-term debt, and $7.5 billion in common equity. It has 700 million shares of common stock outstanding, and its stock price is $40 per share. What is Edelman's market/book ratio? Round your answer to two decimal places. X
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