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4 points Save Answer Use the table for the question. Balance Sheet (in billion dollars) Assets 2007 2008 Liabilities 2007 2008 Current Assets Current Liabilities

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4 points Save Answer Use the table for the question. Balance Sheet (in billion dollars) Assets 2007 2008 Liabilities 2007 2008 Current Assets Current Liabilities Cash 50 46 Accounts payable 42 48 Accounts receivable 22 12 Notes payable/short-term debt 7 5 Inventories 17 38 Total current assets 89 96 Total current liabilities 49 53 Long-Term Assets Long-Term Liabilities Net property, plant, and equipment 121 128 136 Total long-term assets 121 128 136 116 Long-term debt 116 Total long-term liabilities Total Liabilities Stockholders' Equity 212 Total Liabilities and 177 189 33 23 Total Assets 210 210 212 Stockholders' Equity 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

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