Question: Moving to the next question prevents changes to this answer Question 4 Use the table for the question. Balance Sheet (in billion dollars) 2007 2008

 Moving to the next question prevents changes to this answer Question

Moving to the next question prevents changes to this answer Question 4 Use the table for the question. Balance Sheet (in billion dollars) 2007 2008 Llabilities Assets 2007 2008 Current Assets 42 48 Cash 50 46 Current Liabilities Accounts payable Notes payable/short-term debt 7 5 Accounts receivable 22 12 Inventories 17 38 49 53 Total current assets 89 96 Total current liabilities Long-Term Liabilities Long-Term Assets Net property, plant. and equipment 121 Total long-term assets 121 128 136 116 116 Long-term debt Total long-term liabilities Total Liabilities 128 136 177 189 33 Stockholders' Equity 23 Total Assets 210 212 Total Liabilities and 210 212 Stockholders' Equity If the above balance sheet is for a retail company, and if the company has a market-to-book ratio of 2 at the end of 2008. What is the stock price (dollars per year) then if there are 400 million shares outstanding O A $46 OB $115 Oc5212 OD 523 MacBook Pro esc G Search or type URL

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