General Accounting No 1 In 2013 Caterpillar Inc. had about 648 million sharesoutstanding. Their book value was $27 per share, and themarket price was $83.50 per share. The company's balancesheet shows that the company had $25.7 billion of long-term debt, which was currently selling near par value.a. What was Caterpillar's book debt-to-value ratio?b. What was its market debt-to-value ratio?

Step 1: Define Long term Debt:A company can raise capital by issuing long terms debt such as bank…

Answered: In 2013 Caterpillar Inc. had about 648…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter3: Analysis Of Financial Statements

Section: Chapter Questions

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