Balance Sheet
Assets			Liabilities
Current Assets			Current Liabilities
Cash. . . . . . . . . . . . .	48		Accounts payable. . . . .	37
Accounts receivable. .	25		Notes payable/short term debt. . . . . . . . . .	7
Inventories. . . . . . . .	19		Total current liabilities. .	44
Total current assets. .	92
Long-Term Assets			Long-Term Liabilities
Net property, plant, and equipment. . . . . .	118		Long-term debt. . . . . . .	132
Total long-term assets	118		Total long-term liabilities	132
			Total liabilities. . . . . . .	176
			Stockholders' Equity.	34
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

$6.79

per share, what does this tell you about how investors view this firm's book value?