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 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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