(Answered) In 2013 caterpillar inc had about 651 million shares

Finance

In 2013 Caterpillar Inc. had about 651 million shares outstanding. Their book value was $30 per share, and the market price was $85.00 per share. The company's balance sheet shows that the company had $22.7 billion of long-term debt, which was currently selling near par value.

a. What was Caterpillar's book debt-to-value ratio?

b. What was its market debt-to-value ratio? (Enter your answer as a decimal rounded to 2 decimal places. Do not round intermediate calculations.)

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