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Here is a simplified balance sheet for Caterpillar Tractor: Caterpillar Tractor Balance Sheet ($ in millions) Current assets $ 42,543 Current liabilities $ 29,736 Long-term
Here is a simplified balance sheet for Caterpillar Tractor: Caterpillar Tractor Balance Sheet ($ in millions) Current assets $ 42,543 Current liabilities $ 29,736 Long-term assets 46,870 Long-term debt 27,771 Other liabilities 14,355 Equity 17,551 Total $ 89,413 Total $ 89,413 Caterpillar has 664 million shares outstanding with a market price of $102 a share. a. Calculate the company's market value added. (Enter your answers in millions.) Market value Market value added A A million 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 O No
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