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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

image text in transcribed 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 42 Accounts receivable 22 Notes payable/short-term debt 7 Inventories 17 Total current assets 89 Total current liabilities 49 Long-Term Assets Long-Term Liabilities Net property, plant, and equipment 121 Long-term debt 128 Total long-term assets 121 Total long-term liabilities 128 Total liabilities 177 Shareholders' Equity 33 Total Assets 210 Total Liabilities and Shareholders' Equity 210 A. Investors consider that the firm's market value is worth much more than its book value. B. Investors consider that the firm's market value and its book value are roughly equivalent. C. Investors consider that the firm's market value is worth less than its book value. D. Investors consider that the firm's market value is worth very much less than its book value. O E. Investors consider that the firm's market value is worth more than its book value

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