What was caterpillar book debt-to-value ratio

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In 2018, Caterpillar Inc. had about 649 million shares outstanding. Their book value was $24.0 per share, and the market price was $155.30 per share. The company's balance sheet shows that the company had $23.80 billion of long-term debt, which was currently selling near par value.

Question a. What was Caterpillar's book debt-to-value ratio? (Do not round intermediate calculations. Enter your answer as a decimal rounded to 2 decimal places.)

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

Question c. Which measure should you use to calculate the company's cost of capital?

Reference no: EM132521758

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