Question: Here is a simplified balance sheet for Caterpillar Tractor: Caterpillar has 657 million shares outstanding with a market price of $83 a share. a. Calculate

Here is a simplified balance sheet for Caterpillar Tractor:

Caterpillar has 657 million shares outstanding with a market price of $83 a share.
a. Calculate the company's market value added.
b. Calculate the market-to-book ratio.
c. Has the company created value for shareholders?

Current liabilities $29,755 Long-term assets46,832 Long-term debt 27,752 14,317 17,532 $89,356 Current assets $42,524 Other liabilities Equity Total Total $89,356

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