Redbell Shoes Inc., has the following balance sheet and the income statement. The company had 50...
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Redbell Shoes Inc., has the following balance sheet and the income statement. The company had 50 million shares of common stock outstanding and its market price of the common stock was $75 at the end of 2015. Make sure the unit is in million dollars. (unit: $ in millions) Cash Accounts receivable. Inventory Net fixed assets Total Assets 2014 $1,050 500 500 1,000 $3,050 Net sales Cost of goods sold Depreciation EBIT Interest expenses Taxable income Income Taxes Net income Southeast Systems Balance Sheets 2015 $1,250 800 600 1,000 $3,650 Accounts payable Notes payable Long-term debt Common equity Retained earnings Total Liabilities & Owner's Equity Income Statement What is the book value per share of the equity for 2015? O $3.00 O $10.00 O $41.00 O $73.00 2015 $5,000 3,750 750 $500 300 $200 ( ) $150 2014 $450 300 550 300 1,450 $3,050 2015 $500 400 700 500 1,550 $3,650 Redbell Shoes Inc., has the following balance sheet and the income statement. The company had 50 million shares of common stock outstanding and its market price of the common stock was $75 at the end of 2015. Make sure the unit is in million dollars. (unit: $ in millions) Cash Accounts receivable. Inventory Net fixed assets Total Assets 2014 $1,050 500 500 1,000 $3,050 Net sales Cost of goods sold Depreciation EBIT Interest expenses Taxable income Income Taxes Net income Southeast Systems Balance Sheets 2015 $1,250 800 600 1,000 $3,650 Accounts payable Notes payable Long-term debt Common equity Retained earnings Total Liabilities & Owner's Equity Income Statement What is the book value per share of the equity for 2015? O $3.00 O $10.00 O $41.00 O $73.00 2015 $5,000 3,750 750 $500 300 $200 ( ) $150 2014 $450 300 550 300 1,450 $3,050 2015 $500 400 700 500 1,550 $3,650
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Related Book For
Financial Reporting And Analysis
ISBN: 9781260247848
8th Edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
Posted Date:
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