Question: 1. Listed below are partial financial statements for Marion & Carter, Inc. Complete each of these statements. Fill in the blanks on the four

1. Listed below are partial financial statements for Marion & Carter, Inc.Complete each of these statements. Fill in the blanks on the four

1. Listed below are partial financial statements for Marion & Carter, Inc. Complete each of these statements. Fill in the blanks on the four financial statements. MARION & CARTER, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 2018 2017 Assets Liabilities and Equity Current assets: Current liabilities Cash and marketable securities $165 $155 Accrued wages and taxes Accounts receivable 400 Accounts payable $124 340 $ 95 $ Inventory 690 Total $1,290 620 $1175 Notes payable 342 280 Total $ 806 $685 Foxed assets Long-term debt $1210 Gross plant and equipment $1860 Stockholders' equity Less Accumulated depreciation 330 Net plant and equipment $1,950 250 $1610 Preferred stock 25 million shares $ 25 $ 25 Common stock and paid-in surplus 250 (200 million shares) Other long-term assets Total 350 Total assets $3.590 310 $1920 $3,095 Retained earnings 1299 Total $1574 $1232 Total labdities and equity $3.590 MARION & CARTER, INC. Income Statement for Years Ending December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Depreciation Earnings before interest and taxes (EBIT) $ 1,023 80 $ 943 830 $ 1123 100 Less: Interest Earnings before taxes (EBT) Less: Taxes Net income $ 844 $ 559 Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends $ 62 $ 497 155 g] e] 371 Addition to retained earnings $ 342 Per (common) share data: Earnings per share (EPS) $ $1855 Dividends per share (DPS) $ 0.775 $ Book value per share (BVPS) $ $ 6.035 Market value (price) per share (MVPS) $22.970 $21.470 I

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