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Some balance sheet information is shown here LOADING... Balance Sheet: 3/31/2016 12/31/2015 9/30/2015 6/30/2015 Assets Current Assets Cash and cash equivalents 293 300 255 232

Some balance sheet information is shown here

LOADING...

Balance Sheet:

3/31/2016

12/31/2015

9/30/2015

6/30/2015

Assets

Current Assets

Cash and cash equivalents

293

300

255

232

Net receivables

401

362

385

460

Inventory

374

342

437

306

Other current assets

60

43

53

45

Total Current Assets

1,128

1,047

1,130

1,043

Long-term investments

128

97

long dash

200

Property, plant, and equipment

979

991

995

1,052

Goodwill

744

748

736

742

Other assets

777

821821

914914

797

Total Assets

3,756

3 comma 7043,704

3 comma 7753,775

3,834

Liabilities

Current Liabilities

Accounts payable

876

1,467

922

980

Short/current long-term debt

410

2

173

288

Other current liabilities

long dash

long dash

long dash

long dash

Total Current Liabilities

1,286

1,469

1,095

1,268

Long-term debt

2,381

2,124

474

475

Other liabilities

435

574

559

551

Total Liabilities

4,102

4,167

2,128

2,294

Total Shareholder's Equity

minus346

negative 463463

1 comma 6471,647

1,540

Total Liabilities and Shareholder's Equity

3,756

3 comma 7043,704

3 comma 7753,775

3,834

(all values in millions of dollars).

a. What change in the book value of the company's equity took place at the end of

20152015?

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

20152015?

d. Does the company's book value of equity in

20162016

imply that it is unprofitable? Explain.

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