Question: QUESTION 10 Southeast Systems has the following balance sheet and the income statement. The company had 10 million shares of common stock outstanding and its

QUESTION 10 Southeast Systems has the following balance sheet and the income statement. The company had 10 million shares of common stock outstanding and its market price of the common stock was $78 at the end of 2014. Make sure the unit is in million dollars. Southeast Systems (unit: s in millions) Balance Sheets 2013 2014 $100 Accounts payable 700 Notes payable 2013 2014 Cash $50 $450 $500 Accounts receivable 600 300 400 Inventory 550 Long-term debt 500 650 650 Net fixed assets 1.000 1.000 Common equity 300 300 Retained earnings 450 500 $2,350 Total Uabilities & Owner's Equity Total Assets $2,150 $2,350 $2,150 Income Statemient 2014 $2,370 2,070 200 Sales Cost of goods sold Depreciation EBIT Interest expenses 100 20 so Taxable income 28 Taxes $52 Net income Dividends $2 What are the values of the book value per share and the market-to-begk ratio for 20142 O $10; 7 8 times O $5 20, 15 times $237: 0.33 times atte O 580 0.98 times $235: 0.33 times QUESTION 11 Cit Seue and Submit to aqve and nubmit Clik Seve AL Aner to seve all ansers w NT
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