Question
Need help ASAP, please help I will kindly upvote!!! In 2020, Caterpillar Incorporated had about 540 million shares outstanding. Their book value was $27.4 per
Need help ASAP, please help I will kindly upvote!!!
In 2020, Caterpillar Incorporated had about 540 million shares outstanding. Their book value was $27.4 per share, and the market price was $147.70 per share. The companys balance sheet shows that the company had $27.00 billion of long-term debt, which was currently selling near par value.
What was Caterpillars book debt-to-value ratio?
Note: Do not round intermediate calculations. Enter your answer as a decimal rounded to 2 decimal places.
What was its market debt-to-value ratio?
Note: Do not round intermediate calculations. Enter your answer as a decimal rounded to 2 decimal places.
Which measure should you use to calculate the companys cost of capital?
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