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Compute the PB ratio for both Walgreens and Longs Drug Stores.

Select one:

A. Walgreens: 2.6 Longs: 1.8

B. Walgreens: 3.9 Longs: 2.3

C. Walgreens: 4.2 Longs: 2.7

D. Walgreens: 3.3 Longs: 3.1

CVS Walgreens Longs Drug Stores (in millions) Company assumed value. Equity assumed value Net operating assets Book value of equity. Net nonoperating obligations (assets) Common shares outstanding. $15.189 $ 9.918 $ 5,271 826 shares $44,483 $43,604 $11.983 $11,104 $ 879 991 shares $1.995 $1,870 $ 941 $ 816 $ 125 37.4 shares