Question: Some balance sheet information is shown here (all values in millions of dollars). a. What change in the book value of the company's equity took

Some balance sheet information is shown here (all values in millions of dollars). a. What change in the book value of the company's equity took place at the end of 2018? b. Is the company's market-to-book ratio meaningful? Is its book debt-equity ratio meaningful? Explain. Data table 3/31/2019 12/31/2018 9/30/2018 6/30/2018 a. What change in the book value of the company's equity took place at the end of 2018? The book value of equity by s billion from the end of the previous year, and was 255 385 437 53 1,130 Balance Sheet: Assets Current Assets Cash and cash equivalents Net receivables Inventory Other current assets Total Current Assets Long-term investments Property, plant, and equipment Goodwill Other assets Total Assets Liabilities Current Liabilities Accounts payable Short/current long-term debt Other current liabilities Total Current Liabilities Long-term debt Other liabilities Total Liabilities Total Shareholder's Equity Total Liabilities and Shareholder's Equity 293 401 374 60 1,128 128 979 744 777 3,756 300 362 342 43 1,047 97 991 748 822 3,705 232 460 306 45 1,043 200 1,052 742 797 3,834 995 736 914 3,775 876 410 1,467 2 922 173 980 288 1,286 2,381 435 4,102 - 346 3,756 1,469 2,124 574 4,167 - 462 3,705 1,095 474 559 2,128 1,647 3,775 1,268 475 551 2,294 1,540 3,834
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