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2016 $ 1,554.0 9,660.0 13,440.0 $24,654.0 17,346.0 $42,000.0 Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant
2016 $ 1,554.0 9,660.0 13,440.0 $24,654.0 17,346.0 $42,000.0 Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $ 7,980.0 5,880.0 4,620.0 $18,480.0 10,920.0 $29,400.0 3,360.0 9,240.0 $12,600.0 $42,000.0 2016 $58,800.0 Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings befint and taxes (EBIT) Less interest $54,978.0 $ 1,029.0 $ 2,793.0 1,050.0 1,050.0 $ 1,743.0 $ 610.1 $ 1,133.0 Less interest Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) Common dividends Int rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 175.00 $ 509.83 6.25% 35% $77.69 Refer to the data for Pettijohn Inc. What is the firm's equity multiplier? a. 3.50 b.3.86 C. 3.68 d. 3.33 e. 4.05 Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over
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