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Here is a simplified balance sheet for Caterpillar Tractor: Current assets Long-term assets Caterpillar Tractor...

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Here is a simplified balance sheet for Caterpillar Tractor: Current assets Long-term assets Caterpillar Tractor Balance Sheet ($ in millions) Current $42,534 $29,745 liabilities 46,852 Long-term debt 27,762 Other liabilities 14,337 Equity 17,542 Total $89,386 Total $89,386 Caterpillar has 667 million shares outstanding with a market price of $93 a share. a. Calculate the company's market value added. (Enter your answers in millions.) Market value Market value added A A million million b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.) Market-to-book ratio c. Has the company created value for shareholders

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