Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Balance Sheet: 3/31/2019 12/31/2018 9/30/2018 6/30/2018 Assets Current Assets Cash and cash equivalents Net receivables Inventory begin{tabular}{lrrrr} multicolumn{1}{c}{ Other current assets } & 60 &
Balance Sheet: 3/31/2019 12/31/2018 9/30/2018 6/30/2018 Assets Current Assets Cash and cash equivalents Net receivables Inventory \begin{tabular}{lrrrr} \multicolumn{1}{c}{ Other current assets } & 60 & 43 & 53 & 45 \\ \hline Total Current Assets & 1,128 & 1,047 & 1,130 & 1,043 \\ Long-term investments & 128 & 97 & 200 \\ Property, plant, and equipment & 979 & 991 & 995 & 1,052 \\ Goodwill & 744 & 748 & 736 & 742 \\ Other assets & 777 & 819 & 920 & 797 \\ \hline Total Assets & 3,756 & 3,702 & 3,781 & 3,834 \end{tabular} Liabilities Current Liabilities Accounts payable Short/current long-term debt Other current liabilities Total Current Liabilities Long-term debt Other liabilities 293401300362255385232460 Total Liabilities Total Shareholder's Equity Total Liabilities and Shareholder's Equity \begin{tabular}{rrrr} 876 & 1,467 & 922 & 980 \\ 410 & 2 & 173 & 288 \\ & & & \\ 1,286 & 1,469 & 1,095 & 1,268 \\ 2,381 & 2,124 & 474 & 475 \\ 435 & 574 & 559 & 551 \\ \hline 4,102 & 4,167 & 2,128 & 2,294 \\ 346 & 465 & 1,653 & 1,540 \\ \hline 3,756 & 3,702 & 3,781 & 3,834 \end{tabular} Some balance sheet information is shown here (all values in millions of dollars). a. What change in the book value of the company's equity took place at the end of 2018? b. Is the company's market-to-book ratio meaningful? Is its book debt-equity ratio meaningful? Explain. a. What change in the book value of the company's equity took place at the end of 2018? The book value of equity by 9 billion from the end of the previous year, and was (Select from the drop-down menus and round to three decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started