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MCAP 1 answer below » Here are simplified financial statements of Phone Corporation from a recent year: View complete question » INCOME STATEMENT (Figures in millions of dollars) Net sales 13,193 Cost of goods sold 4,060 Other expenses 4,049 Depreciation 2,518 Earnings before interest and taxes (EBIT) 2,566 Interest expense 685 Income before tax 1,881 Taxes (at 35%) 658 Net income 1,223 Here are simplified financial statements of Phone Corporation from a recent year: INCOME STATEMENT (Figures in millions of dollars) Net sales 13,193 Cost of goods sold 4,060 Other expenses 4,049 Depreciation 2,518 Earnings before interest and taxes (EBIT) 2,566 Interest expense 685 Income before tax 1,881 Taxes (at 35%) 658 Net income 1,223 Dividends 856 BALANCE SHEET (Figures in millions of dollars) End of Year Start of Year Assets Cash and marketable securities 89 158 Receivables 2,382 2,490 Inventories 187 238 Other current assets 867 932 Total current assets 3,525 3,818 Net property, plant, and equipment 19,973 19,915 Other long-term assets 4,216 3,770 Total assets 27,714 27,503 Liabilities and shareholders%u2019 equity Payables 2,564 3,040 Short-term debt 1,419 1,573 Other current liabilities 811 787 Total current liabilities 4,794 5,400 Long-term debt and leases 7,018 6,833 Other long-term liabilities 6,178 6,149 Shareholders%u2019 equity 9,724 9,121 Total liabilities and shareholders%u2019 equity 27,714 27,503 Phone Corp.%u2019s stock price was $84 at the end of the year. There were 205 million shares outstanding. a. What was the company%u2019s market capitalization and market value added? (Enter your answers in billions rounded
to 2 decimal places.) Market capitalization $ billion Market value added $ billion b. What was its market-to-book ratio? (Round your answer to 2 decimal places.) Market-to-book ratio View less » Jan 17 2014 09:06 PM
