Billion shares outstanding with a market price of 17 per


In early 2009, General Electric (GE) had a book value of equity of $105 billion, 10.5 billion shares outstanding, and a market price of $10.80 per share. GE also had cash of $48 billion, and total debt of $524 billion. Three years later, in early 2012, GE had a book value of equity of $116 billion, 10.6 billion shares outstanding with a market price of $17 per share, cash of $84 billion, and total debt of $410 billion. Over this period, what was the change in GE'S?

A. Market capitalization?

B. Market-to-book ratio?

C. Enterprise value?

Solution Preview :

Prepared by a verified Expert
Financial Accounting: Billion shares outstanding with a market price of 17 per
Reference No:- TGS02478996

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)