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White Corp.'s balance sheet as of Dec 31, 2014 is as follows: [In Millions, Except Per Share Data] Cash : 850 Accounts Receivable : 300

White Corp.'s balance sheet as of Dec 31, 2014 is as follows: [In Millions, Except Per Share Data] Cash : 850 Accounts Receivable : 300 Inventories : 550 Net Plant Assets : 3,379 Goodwill : 120 Total Assets : 5,199 Accounts Payable : 870 Taxes Payable : 25 Short-Term Debt : 100 Long-Term Debt : 1,700 Common stock ($0.10 par) issued : 5 Additional paid in capital : 325 Retained Earnings : 2,324 Treasury Stock, (2000 shares) : (150) Total Stockholders Equity : 2,504 Total liabilities and Equity : 5,199 What bond rating will you assign for White Corp.?

B to BB

CCC to B

AAA

AA

BBB to A

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