In April 2013, General Electric (GE) had a book value of equity of $123.4 billion, 10.3 billion shares outstanding, and a market price of $20.55 per share. GE also had cash of $91.5 billion, and total debt of $394.7 billion. What was GE′s enterprise value? (Round to one decimal place.)

Intermediate Financial Management (MindTap Course List)
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ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
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Chapter7: Analysis Of Financial Statements
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Problem 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...
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In April 2013, General Electric (GE) had a book value of equity of $123.4 billion, 10.3 billion shares outstanding, and a market price of $20.55 per share. GE also had cash of $91.5 billion, and total debt of $394.7 billion.

What was GE′s enterprise value? (Round to one decimal place.)

 

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