IBMs market value of assets in 2004 was $79,315 + $155,459 = $234,774. This means that its

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IBM’s market value of assets in 2004 was $79,315 + $155,459 = $234,774. This means that its book liabilities-to-assets ratio was $79,315/$111,003 ≈ 71%; its market liabilities-to-assets ratio was $79,315/

$234,774 ≈ 34%. The former is higher than the latter, because IBM’s market value was more than twice its book value.

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Corporate Finance An Introduction

ISBN: 9780321277992

1st Edition

Authors: Ivo Welch

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Question Posted: Oct 26, 2024 04:03 AM

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IBMs market value of assets in 2004 was $79,315 + $155,459 = $234,774. This means that its

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Corporate Finance An Introduction

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