Here is a simplified balance sheet for Caterpillar Tractor:

Caterpillar Tractor
Balance Sheet
($ in millions)
Current assets	$	42,537		Current liabilities	$	29,742
Long-term assets		46,858		Long-term debt		27,765
				Other liabilities		14,343
				Equity		17,545
Total	$	89,395		Total	$	89,395

Caterpillar has 658 million shares outstanding with a market price of $96 a share.

a.	Calculate the companys 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