Here is a simplified balance sheet for Caterpillar Tractor: Current assets Long-term assets Caterpillar Tractor...
50.1K
Verified Solution
Link Copied!
Question
Finance
Here is a simplified balance sheet for Caterpillar Tractor: Current assets Long-term assets Caterpillar Tractor Balance Sheet ($ in millions) Current $42,534 $29,745 liabilities 46,852 Long-term debt 27,762 Other liabilities 14,337 Equity 17,542 Total $89,386 Total $89,386 Caterpillar has 667 million shares outstanding with a market price of $93 a share. a. Calculate the company's market value added. (Enter your answers in millions.) Market value Market value added A A million million b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.) Market-to-book ratio c. Has the company created value for shareholders
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
