Use the table for the question(s) below.
Balance Sheet
| Current Assets | Current Liabilities |
| Cash | 50 | Accounts payable | 42 |
| Accounts receivable | 22 | Notes payable/short-term debt | 7 |
| Total current assets | 89 | Total current liabilities | 49 |
| Long-Term Assets | Long-Term Liabilities |
Net property, plant,
| and equipment | 121 | Long-term debt | 128 |
| Total long-term assets | 121 | Total long-term liabilities | 128 | |
| Total Assets | 210 | Total Liabilities and | 210 |
The above diagram shows a balance sheet for a certain company. All quantities shown are in millions of dollars. If the company has 4 million shares outstanding, and these shares are trading at a price of $8.24 per share, what does this tell you about how investors view this firm's book value?
◦ Investors consider that the firm's market value and its book value are roughly equivalent.
◦ Investors consider that the firm's market value is worth more than its book value.
◦ Investors consider that the firm's market value is worth less than its book value.
◦ Investors consider that the firm's market value is worth very much less than its book value.
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