Other Financial Statement Information 37. Some balance sheet information is shown here (all values in millions of dollars) (see MyFinanceLab for the data in Excel format): 31-Mar-16 31-Dec-15 30-Sep-15 30-Jun-15 293 401 374 60 1,128 128 979 744 255 385 437 53 1,130 Balance Sheet: Assets Assets Current Assets Cash and cash equivalents Net receivables Inventory Other current assets Total Current Assets Long-term investments Property, plant, and equipment Goodwill Other assets Total Assets Liabilities Current Liabilities Accounts payable Short/current long-term debt Other current liabilities Total Current Liabilities Long-term debt Other liabilities Total Liabilities Total Stockholder Equity Total Liabilities and Stockholder Equity 300 362 342 43 1,047 97 991 748 827 3,710 232 460 306 45 1,043 200 1,052 742 797 3,834 995 736 911 3,772 777 3,756 1,467 876 410 922 173 980 288 2 1,286 2,381 435 4,102 -346 $3,756 1,469 2,124 574 4,167 -457 $3,710 1,095 474 559 2,128 1,644 $3,772 1,268 475 551 2,294 1,540 $3,834 duction a. What change in the book value of the company's equity took place at the end of 2015? b. Is the company's market-to-book ratio meaningful? Is its book debt-equity ratio meaningful? Explain. c. Find the company's other financial statements from that time online. What was the cause of the change to its book value of equity at the end of 2015? d. Does the company's book value of equity in 2016 imply that it is unprofitable? Explain. Financial Reporting in Practice X H26 K L M N H G A B E F 14 PM L4 3731/2016 3/31/2015 Option 1951 T 141 3 1 142 9 31 3 4 Euning from continuing operation Autocompartir to wao provided by contingut Deprection and most Defined income Restructuring winporn Onion of Hillbris, SA Los on dipetion of fired Oth Chuguin Recov, Invatories Othe Accousto poble adword. Incontre poble Per com todas 3 37 30 8 9 20 1 -69 3 3 -81 T 36 38 24 25 26 27 Nutca provided by coming options Neto provided by copertine 407 46 41 Net cath provided by oper 463 31 32 33 etag Act Capital and Dequired Low income howing con Our -13 37 38 4 5 Netch writing by coagopusti Not the forcing lycoperti -34 - 134 41 43 Netcard for investig wie -36 -136 45 48 47 PAR Now loans peut Londborg Longundit 117 16:35 0 133 -2.119 50 51 52 53 54 55 56 52 58 Towych orquid from redu, HIKOA The purchased from norte Cuddude paid Lincoln for emplop stock plus 165 -155 -158 03 .1 -172 85 Sheet1 Problem 37 Statement of CFS + Ready Type here to search O 37 Oh 39 40 -94 Nachwed for by coperties Nachwed for lang tyder -134 -2 Net 43 14 45 46 dorining - 4 -156 151 1635 - Longun ditt borrow Longun dit Procedentes perto V Towych wederhedpur Mind 8 -214 - 133 -2,13 49 50 51 52 53 54 55 55 57 58 59 -155 Our -172 85 24 - 61 361 . 6 -310 -30 56 de devlet 67 2 70 61 21 232 1139 Other Financial Statement Information 37. Some balance sheet information is shown here (all values in millions of dollars) (see MyFinanceLab for the data in Excel format): 31-Mar-16 31-Dec-15 30-Sep-15 30-Jun-15 293 401 374 60 1,128 128 979 744 255 385 437 53 1,130 Balance Sheet: Assets Assets Current Assets Cash and cash equivalents Net receivables Inventory Other current assets Total Current Assets Long-term investments Property, plant, and equipment Goodwill Other assets Total Assets Liabilities Current Liabilities Accounts payable Short/current long-term debt Other current liabilities Total Current Liabilities Long-term debt Other liabilities Total Liabilities Total Stockholder Equity Total Liabilities and Stockholder Equity 300 362 342 43 1,047 97 991 748 827 3,710 232 460 306 45 1,043 200 1,052 742 797 3,834 995 736 911 3,772 777 3,756 1,467 876 410 922 173 980 288 2 1,286 2,381 435 4,102 -346 $3,756 1,469 2,124 574 4,167 -457 $3,710 1,095 474 559 2,128 1,644 $3,772 1,268 475 551 2,294 1,540 $3,834 oduction a. What change in the book value of the company's equity took place at the end of 2015? b. Is the company's market-to-book ratio meaningful? Is its book debt-equity ratio meaningful? Explain. c. Find the company's other financial statements from that time online. What was the cause of the change to its book value of equity at the end of 2015? d. Does the company's book value of equity in 2016 imply that it is unprofitable? Explain. Financial Reporting in Practice Other Financial Statement Information 37. Some balance sheet information is shown here (all values in millions of dollars) (see MyFinanceLab for the data in Excel format): 31-Mar-16 31-Dec-15 30-Sep-15 30-Jun-15 293 401 374 60 1,128 128 979 744 255 385 437 53 1,130 Balance Sheet: Assets Assets Current Assets Cash and cash equivalents Net receivables Inventory Other current assets Total Current Assets Long-term investments Property, plant, and equipment Goodwill Other assets Total Assets Liabilities Current Liabilities Accounts payable Short/current long-term debt Other current liabilities Total Current Liabilities Long-term debt Other liabilities Total Liabilities Total Stockholder Equity Total Liabilities and Stockholder Equity 300 362 342 43 1,047 97 991 748 827 3,710 232 460 306 45 1,043 200 1,052 742 797 3,834 995 736 911 3,772 777 3,756 1,467 876 410 922 173 980 288 2 1,286 2,381 435 4,102 -346 $3,756 1,469 2,124 574 4,167 -457 $3,710 1,095 474 559 2,128 1,644 $3,772 1,268 475 551 2,294 1,540 $3,834 duction a. What change in the book value of the company's equity took place at the end of 2015? b. Is the company's market-to-book ratio meaningful? Is its book debt-equity ratio meaningful? Explain. c. Find the company's other financial statements from that time online. What was the cause of the change to its book value of equity at the end of 2015? d. Does the company's book value of equity in 2016 imply that it is unprofitable? Explain. Financial Reporting in Practice X H26 K L M N H G A B E F 14 PM L4 3731/2016 3/31/2015 Option 1951 T 141 3 1 142 9 31 3 4 Euning from continuing operation Autocompartir to wao provided by contingut Deprection and most Defined income Restructuring winporn Onion of Hillbris, SA Los on dipetion of fired Oth Chuguin Recov, Invatories Othe Accousto poble adword. Incontre poble Per com todas 3 37 30 8 9 20 1 -69 3 3 -81 T 36 38 24 25 26 27 Nutca provided by coming options Neto provided by copertine 407 46 41 Net cath provided by oper 463 31 32 33 etag Act Capital and Dequired Low income howing con Our -13 37 38 4 5 Netch writing by coagopusti Not the forcing lycoperti -34 - 134 41 43 Netcard for investig wie -36 -136 45 48 47 PAR Now loans peut Londborg Longundit 117 16:35 0 133 -2.119 50 51 52 53 54 55 56 52 58 Towych orquid from redu, HIKOA The purchased from norte Cuddude paid Lincoln for emplop stock plus 165 -155 -158 03 .1 -172 85 Sheet1 Problem 37 Statement of CFS + Ready Type here to search O 37 Oh 39 40 -94 Nachwed for by coperties Nachwed for lang tyder -134 -2 Net 43 14 45 46 dorining - 4 -156 151 1635 - Longun ditt borrow Longun dit Procedentes perto V Towych wederhedpur Mind 8 -214 - 133 -2,13 49 50 51 52 53 54 55 55 57 58 59 -155 Our -172 85 24 - 61 361 . 6 -310 -30 56 de devlet 67 2 70 61 21 232 1139 Other Financial Statement Information 37. Some balance sheet information is shown here (all values in millions of dollars) (see MyFinanceLab for the data in Excel format): 31-Mar-16 31-Dec-15 30-Sep-15 30-Jun-15 293 401 374 60 1,128 128 979 744 255 385 437 53 1,130 Balance Sheet: Assets Assets Current Assets Cash and cash equivalents Net receivables Inventory Other current assets Total Current Assets Long-term investments Property, plant, and equipment Goodwill Other assets Total Assets Liabilities Current Liabilities Accounts payable Short/current long-term debt Other current liabilities Total Current Liabilities Long-term debt Other liabilities Total Liabilities Total Stockholder Equity Total Liabilities and Stockholder Equity 300 362 342 43 1,047 97 991 748 827 3,710 232 460 306 45 1,043 200 1,052 742 797 3,834 995 736 911 3,772 777 3,756 1,467 876 410 922 173 980 288 2 1,286 2,381 435 4,102 -346 $3,756 1,469 2,124 574 4,167 -457 $3,710 1,095 474 559 2,128 1,644 $3,772 1,268 475 551 2,294 1,540 $3,834 oduction a. What change in the book value of the company's equity took place at the end of 2015? b. Is the company's market-to-book ratio meaningful? Is its book debt-equity ratio meaningful? Explain. c. Find the company's other financial statements from that time online. What was the cause of the change to its book value of equity at the end of 2015? d. Does the company's book value of equity in 2016 imply that it is unprofitable? Explain. Financial Reporting in Practice