Question

  Caterpillar TractorBalance Sheet($ in millions)  Current assets$42,537 Current liabilities$29,742   Long-term assets 46,858 Long-term debt 27,765     Other liabilities 14,343     Equity 17,545       Total$89,395 Total$89,395      Caterpillar has 658 million shares outstanding with a market price of $96 a share. a.Calculate the company’s market value added. (Enter your answers in millions.)     Market value$  million    Market value added$  million   b.Calculate the market-to-book ratio. (Round your answer to 2 decimal places.)   Market-to-book ratio

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