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2. ABC Ltd. has following items on its Balance sheet as of Dec 2017 (in $ mn) Balance Sheet Liabilities Assets Cash Account Rec Inventories

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2. ABC Ltd. has following items on its Balance sheet as of Dec 2017 (in $ mn) Balance Sheet Liabilities Assets Cash Account Rec Inventories 50 2450 550 Account Payable Accrual Notes Payable 200 200 500 Total Cuntent Asset 3050 Total Current Liabilities 900 Gross FA Depreciation Long Term Debt 2000 Total Liabilities 2900 1000 300 200 Net Fixed Asset Total Asset 1350 4400 Common Equity RE Preferred Equity Total Equity Total L & E 1500 4400 Revenue-5000; Gross Profit Margin-30%; Operating Expense (before depreciation) 1000 Depreciation-50; Interest-30; Average Tax rate:4096, Common Dividend 10: Preferred Dividend-5 Number of shares outstanding-50 million; Per share Price of common stock $50 Complete the income statement and answer the following questions based on information: 1. Quick Ratio 2. Current Ratio 3.EPS 4. Book Value of common equity 5. P/E 6. P/B (8+ 2*620 marks)

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