Edelman Engines has $15 billion in total assets. Its balance sheet shows $0.75 billion in current liabilities, $6.75 bil
Posted: Sun Jul 03, 2022 12:55 pm
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