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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 &

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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.)

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