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The accompanying table shows a statement of financial position for a certain company. Al quantibes shown are in millions of dollars. If the company
The accompanying table shows a statement of financial position for a certain company. Al quantibes shown are in millions of dollars. If the company has 4 milion shares outstanding, and these shares are tradin 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 Cash Liabilities Current Liabilities Accounts payable 50 22 Notes payable short-term debt 17 88855 Total current sabilties Long-Term Liabilities Long-term debt Accounts receivable Inventories Total current assets Long-Term Assets Not property, plant, and equipmont 121 Total long-term assets 121 Total long-term Sabilities Total abilities 128 177 128 OA Investors consider that the feni's market value is worth more than its book value. OB. Investors consider that the firm's market value is worth very much less than its book value. OC. Investors consider that the firm's market value is worth much more than its book value. OD. Investors consider that the firm's market value and its book value are roughly equivalent CD Time ing
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