Cute Camel Woodcraft Company Balance Sheet for Year Ending December 31 (Millions of Dollars) Statement \#3: The book value per share of Cute Camel's stock in Year 2 was $562.50. This statement is - because: The per-share book value is calculated by dividing the company's total debt by the number of outstanding shares of common stock The per-share book value is calculated by owiding the company's total common equaty by the number of outstanding shares of common stock The per-share book value is calculated by dividing the company's total assets by the number of outstanding shares of common stock. Based on you understanding of the different items reported on the balance sheet and the information they provide, which statement regarding Cute. Camei Woodcraft Companys balance shet is consistent with U.5, Generally Accepted Accounting Principles (GAAP)? The company's debts should be listed frem those carrving the targest balance to those with the smallest balance. The company debts should be listed in order of their liquiday. The companys debts are isted in the order in which they are to be repald. Statement \#1: Cuke Cameis net colexton of inventory items increbsed by more than the firm's sales between Years 1 and 2. This statement is , becouse: Total imventories of raw materials, werk-in-process, and finw goods decreased by 51,485 million between Year 1 and Year 2 Total inventorles of ras materials, work-in-prosess, and final goods increased from $5,940 milion ta $7,425 milion between Year 1 and vear 2. The accruals balonce decreased by $352 million between Years 1 and 2 Statement a 2: Over the past two years, Cute Camel Woodoraft Company has relied more on the use of short term debt than on longterms debt financing. This statement is , becouse: Cute Camer's tocal curtent lieblibes increased by 5469 milion, whle its use of long-term debe increased by $1,406 milion Cute Camel's total current liabilces decteased by 5469 minion, while its long-term debt account decreased by $1,406 milion Cute Cantel's total notes payale increased by $117 milion, whie its common stock accounc increased by $3,656 milion Statement w3 : The book va ue per share of Cute Camels stock in Year 2 was $56250