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The accompanying table shows a statement of financial position for a certain company. All quantities shown are in millions of dollars. If the company has
The accompanying table shows a statement of financial position for a certain company. All quantities shown are in millions of dollars. If the company has 4 million shares outstanding, and these shares are trading at a price of $8.24 per share, what does this tell you about how investors view this firm's book value? Statement of Financial Position Assets Current Assets Liabilities Current Liabilities Cash 50 Accounts payable Accounts receivable 22 Notes payable/short-term debt 7 Inventories 17 Total current assets 89 Total current liabilities 49 Long Term Assets Net property, plant, and equipment 121 Total long-term assets: 121 Long-Term Liabilities Long-term debt Total long-term liabilities Total liabilities 128 128 177
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