Following statements are given below Income Statement (2021) $20,000,000 8,000,000 12,000,000 1,600,000 3,000,000 Sales Cost of Goods

Following statements are given below
  

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Income Statement (2021) $20,000,000 8,000,000 12,000,000 1,600,000 3,000,000 Sales Cost of Goods Sold Gross Profit Selling and Administrative Depreciation Interest Taxes (40%) Net Income Preferred Stock Div. Common Stock Div. 7,400,000 2.000,000 5,400,000 2,160,000 3,240,000 500,000 2,740,000 600,000 $ 2,140,000 Shares outstanding of common stock = 1,000,000 Shares outstanding of preferred stock = 500,000 Market price of common stock = $18. Balance Sheet (as of December 31, 2021) Assets: Cash Marketable Securities Accounts Receivable, net Inventory Prepaid Expenses Plant & Equipment Total Assets Liabilities and Equity: Accounts Payable Notes Payable Accrued Expenses Bonds Payable Preferred Stock Common Stock Capital in Excess of Par Retained Earnings Total Liabilities and Equity $ 5,000,000 2,500,000 2,500,000 30,000,000 5,000,000 30,000,000 85,000,000 $20,000,000 5,000,000 5,000,000 20,000,000 15,000,000 5,000,000 10,000,000 5,000,000 $85,000,000 Income Statement (2021) $20,000,000 8,000,000 12,000,000 1,600,000 3,000,000 Sales Cost of Goods Sold Gross Profit Selling and Administrative Depreciation Interest Taxes (40%) Net Income Preferred Stock Div. Common Stock Div. 7,400,000 2.000,000 5,400,000 2,160,000 3,240,000 500,000 2,740,000 600,000 $ 2,140,000 Shares outstanding of common stock = 1,000,000 Shares outstanding of preferred stock = 500,000 Market price of common stock = $18. Balance Sheet (as of December 31, 2021) Assets: Cash Marketable Securities Accounts Receivable, net Inventory Prepaid Expenses Plant & Equipment Total Assets Liabilities and Equity: Accounts Payable Notes Payable Accrued Expenses Bonds Payable Preferred Stock Common Stock Capital in Excess of Par Retained Earnings Total Liabilities and Equity $ 5,000,000 2,500,000 2,500,000 30,000,000 5,000,000 30,000,000 85,000,000 $20,000,000 5,000,000 5,000,000 20,000,000 15,000,000 5,000,000 10,000,000 5,000,000 $85,000,000

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a The Market to Book ratio is 143 The Market to Book ratio is calculated by dividing the market valu... View the full answer