Assets cash and marketable securities 95 164 receivables

Reference no: EM13481645

Here are simplified financial statements of Phone Corporation from a recent year: INCOME STATEMENT (Figures in millions of dollars) Net sales 13,700 Cost of goods sold 4,360 Other expenses 4,047 Depreciation 2,698 __ Earnings before interest and taxes (EBIT) 2,595 Interest expense 715_ Income before tax 1,880 Taxes 658_ Net income 1,222 Dividends 916___BALANCE SHEET. End of Year Start of Year Assets Cash and marketable securities 95 164 Receivables 2,682 2,610 Inventories 217 268 Other current assets 897 962 ___ Total current assets 3,891 4,004 Net property, plant, and equipment 20,033 19,975 Other long-term assets 4,276 3,83_ Total assets 28,200 27,809 __ Liabilities and shareholders' equity Payables 2,624 3,100 Short-term debt 1,449 1,603 Other current liabilities 841 817 __ Total current liabilities 4,914 5,520 Long-term debt and leases 5,524 5,759 Other long-term liabilities 6,238 6,209 Shareholders' equity 11,524 10,321__Total liabilities and shareholders' equity 28,200 27,809.Phone Corp.'s stock price was $90 at the end of the year. There were 211 million shares outstanding. a. What was the company's market capitalization and market value added? (Enter your answers in billions rounded to 2 decimal places.) Market capitalization $ billion Market value added $ billionb. What was its market-to-book ratio?

Reference no: EM13481645

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