2018 2018 2017 Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation $ 44 36 153 $233 (in millions of dollars) 2017 Liabilities and Equity Current liabilities: $ 42 Accrued wages and taxes 36 Accounts payable 63 Notes payable $141 Total Long-term debt: $186 Stockholders' equity: 45 Preferred stock (3 million shares) Common stock and paid-in surplus $141 (21 million shares) 18 Retained earnings Total $300 Total liabilities and equity $ 28 32 36 $ 96 $ 51 $30 36 42 5108 $ 90 $212 65 $ 3 $ 3 Net plant and equipment Other long-term assets Total Total assets $147 20 $167 $400 $159 21 229 $25 $400 21 78 $102 $300 $ 2017 308 105 195 15 S LAKE OF EGYPT HARINA, INC. Income Statement for Years Ending December 31, 2018 and 2017 (in millions of dollars) 2018 Net sales (all credit) 5 500 Less: Cost of goods sold 180 Gross profits $ 320 Less: Other operating expenses 30 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 298 Less: Depreciation 20 Earnings before interest and taxes (EBIT) 270 Less: Interest 20 Earnings before taxes (EBT) $ 250 Less: Taxes 75 Net income $ 175 $ 3 Less: Preferred stock dividends 18a 12 $ 168 $ 18 150 45 s 5 105 3 75 45 $ 175 $ $ 3 172 21 $ $ $ 105 3 102 21 81 Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) $ 151 $ $ 8.190 $ 1.000 $11.995 $15.250 $ 4.857 $ 1.000 $ 4.714 $13.050 e. Days' sales in inventory f. Average collection period 9 Average payment period h. Fixed asset turnover days days days times