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2007 2008 Liabilities Current Liabilities Accounts payable Notes payable/short-term debt 48 42 5 Use the table for the question. Balance Sheet (in billion dollars) Assets
2007 2008 Liabilities Current Liabilities Accounts payable Notes payable/short-term debt 48 42 5 Use the table for the question. Balance Sheet (in billion dollars) Assets 2007 2008 Current Assets Cash 50 46 Accounts receivable 22 12 Inventories 17 38 Total current assets 89 96 Long-Term Assets Net property, plant, and equipment 121 116 Total long-term assets 121 116 7 49 53 Total current liabilities Long-Term Liabilities 128 128 Long-term debt Total long-term liabilities Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 136 136 177 189 33 23 212 Total Assets 210 212 210 If the above balance sheet is for a retail company, and if the company has a market-to-book ratio of 2 at the end of 2008. What is the stock price (dollars per year) then if there are 400 million shares outstanding? A. $46 B. $212 C. $23 D. $115
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