Problem
In December 2015, General Electric (GE) had a book value of equity of $97.7 billion, 9.3 billion shares outstanding, and a market price of $29.04 per share. GE also had cash of $100.7 billion, and total debt of $197.7 billion.
i. What was GE's market capitalization? What was GE's market-to-book ratio?
ii. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio?
iii. What was GE's enterprise value?