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Balance Sheet (Millions of $) Assets Cash and securities $ 1,290.00 Income Statement (Millions of $) Net sales $ 51,600.00 Operating costs except $ 48,246.00

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Balance Sheet (Millions of $) Assets Cash and securities $ 1,290.00 Income Statement (Millions of $) Net sales $ 51,600.00 Operating costs except $ 48,246.00 depreciation Depreciation $ 903.00 Earnings bef interest and taxes $ 2,451.00 (EBIT) Less interest $ 927.00 Accounts receivable $ 9,890.00 Inventories $13,760.00 Earnings before Total current assets $24,940.00 Net plant and $18,060.00 equipment Total assets $43,000.00 $ 1,524.00 taxes (EBT) Taxes $ 534.00 Net income $ 990.00 Liabilities and Equity Accounts payable Notes payable $ 8,170.00 $ 6,020.00 Other data: Shares outstanding 500 (millions) Liabilities and Equity Accounts payable Notes payable $ 8,170.00 $ 6,020.00 Accruals $ 4,730.00 Total current liabilities $18,920.00 Other data: Shares outstanding 500 (millions) Common dividends $346.67 (millions of $) Intrate on notes payable & L-T 6.25% bonds Federal plus state 35% income tax rate Year-end stock $23.77 price Long-term bonds $ 8,815.00 Total debt Common stock $27,735.00 $ 5,805.00 $ 9,460.00 $15,265.00 $43,000.00 Total common equity ilities and equity Calculate the market to book ratio. Show work for credit

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