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Here is a simplified balance sheet for Caterpilar Tractor: Caterpillar Tractor Balance Sheet (S in millions) Current assets$ 42,527 Current liabilities Long-term assets 46,838 Long-term
Here is a simplified balance sheet for Caterpilar Tractor: Caterpillar Tractor Balance Sheet (S in millions) Current assets$ 42,527 Current liabilities Long-term assets 46,838 Long-term debt $29,752 27,755 14,323 17,535 Other liabilities Equity $ 89,365 Total Total $ 89,365 Caterpillar has 660 million shares outstanding with a market price of $86 a share a. Calculate the company's market value added. (Enter your answers in millions.) Market value million Market value added million b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.) Market-to-book ratio c. Has the company created value for shareholders? Yes 0
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