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12 . Cisco's closing stock price on July 26, 2013 , the last business day before the end of its*fiscal year , was $ 25.

image text in transcribed 12 . Cisco's closing stock price on July 26, 2013 , the last business day before the end of its*fiscal year , was $ 25. 50 per share .a. Estimate Cisco's market capitalization at July 27. 2013, using information in thebalance sheet about shares outstanding . Market capitalization equals totalCommon shares outstanding times stock price .How does this market value estimate compare to the book value of equity ( totalshareholders' equity ; at July 27 , 2013 ? Compute Cisco's market - to - book ratio atJuly 27 , 2013 .C .What factors might cause the market value and book value of equity of a companyto differ ? What does Cisco's market - to -book ratio suggest about the market "sinterpretation of it's net assets at this date ?"

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