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 2015? b. Is the company's market-to-book ratio meaningful? Is its book debt-equity ratio meaningful? Explain c. Find the company's other financial statements from that time online. What was the cause of the change to its book value of equity at the end of 2015? d. Does the company's book value of equity in 2016 imply that it is unprofitable? Explain Balance Sheet Assets Current Assets 3/31/2016 12/31/2015 9/30/2015 6/30/2015 293 401 374 60 1,128 128 979 744 300 362 342 43 1,047 97 255 385 437 53 1,130 232 460 306 45 1,043 200 1,052 742 797 3,834 Cash and cash equivalents Net receivables Inventory Other current assets Total Current Assets Long-term investments Property, plant, and equipment Goodwil Other assets Total Assets Liabilities Current Liabilities 748 824 3,707 995 736 902 3,763 3,756 Accounts payable Short/current long-term debt Other current liabilities 876 410 1,467 2 922 173 980 288 Total Current Liabilities Long-term debt Other liabilities Total Liabilities Total Shareholder's Equity Total Liabilities and Shareholder's Equity 1,286 2,381 435 4,102 -346 3,756 1,469 2,124 574 4,167 - 460 3,707 1,095 474 559 2,128 1,635 3,763 1,268 475 551 2,294 1,540 3,834 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 2015? b. Is the company's market-to-book ratio meaningful? Is its book debt-equity ratio meaningful? Explain c. Find the company's other financial statements from that time online. What was the cause of the change to its book value of equity at the end of 2015? d. Does the company's book value of equity in 2016 imply that it is unprofitable? Explain Balance Sheet Assets Current Assets 3/31/2016 12/31/2015 9/30/2015 6/30/2015 293 401 374 60 1,128 128 979 744 300 362 342 43 1,047 97 255 385 437 53 1,130 232 460 306 45 1,043 200 1,052 742 797 3,834 Cash and cash equivalents Net receivables Inventory Other current assets Total Current Assets Long-term investments Property, plant, and equipment Goodwil Other assets Total Assets Liabilities Current Liabilities 748 824 3,707 995 736 902 3,763 3,756 Accounts payable Short/current long-term debt Other current liabilities 876 410 1,467 2 922 173 980 288 Total Current Liabilities Long-term debt Other liabilities Total Liabilities Total Shareholder's Equity Total Liabilities and Shareholder's Equity 1,286 2,381 435 4,102 -346 3,756 1,469 2,124 574 4,167 - 460 3,707 1,095 474 559 2,128 1,635 3,763 1,268 475 551 2,294 1,540 3,834