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Balance Sheet Assets Current Assets Liabilities Current Liabilities Cash 53 Accounts payable 40 Notes payable/short-term Accounts receivable 23 5 debt Inventories 17 Total current assets

Balance Sheet Assets Current Assets Liabilities Current Liabilities Cash 53 Accounts payable 40 Notes payable/short-term Accounts receivable 23 5 debt Inventories 17 Total current assets 93 Total current liabilities 45 Long-Term Assets Long-Term Liabilities Net property, plant, and equipment 117 Long-term debt 133 Total long-term 117 Total long-term liabilities 133 assets Total Liabilities Stockholders' Equity 178 32 Total Assets 210 Total Liabilities and Stockholders' Equity 210 The above diagram shows a balance sheet for a certain company. All quantities shown are in millions of dollars. If the company has 5 million shares outstanding, and these shares are trading at a price of $6.39 per share, what does this tell you about how investors view this firm's book value? O Investors consider that the firm's market value and its book value are roughly equivalent. O Investors consider that the firm's market value is worth very much less than its book value. O Investors consider that the firm's market value is worth very much more than its book value

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