Balance Sheet:AssetsCurrent Assets3/31/201912/31/20189/30/20186/30/2018Cash and cash equivalentsNet receivablesInventory293300255232401362385460374342437306Other current assets60435345Total Current Assets1,1281,0471,1301,043Long-term investments12897200Property, plant, and equipment9799919951,052Goodwill744748736742Other assets777831902797Total Assets3,7563,7143,7633,834LiabilitiesCurrent LiabilitiesAccounts payable8761,467922980Short/current long-term debt4102173288Other current liabilitiesTotal Current Liabilities1,2861,4691,0951,268Long-term debt2,3812,124474475Other liabilities435574559551Total Liabilities4,1024,1672,1282,294Total Shareholder's Equity- 346- 4531,6351,540Total Liabilities and Shareholder's Equity3,7563,7143,7633,834 Some balance sheet information is shown here (all values in millions of dollars).a. What change in the book value of the company's equity took place at the end of 2018?b. Is the company's market-to-book ratio meaningful? Is its book debt-equity ratio meaningful? Explain.

Answered: Balance Sheet: Assets Current Assets…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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