Assets in millions) Liabilities (in millions) Cash 300 Accounts payable 50 Accounts receivable 100 Notes payable 150 Inventories 200 Total Current Liabilities: 200 Total Current Assets: 600 Long Term Debt 100 Equipment 300 Total Liabilities: 300 Land 100 Common Stock 300 Total Fixed Assets: 400 Retained Earnings 400 Total Assets: 1000 Total Common Equity 700 You are asked to prepare a pro forma balance sheet given the following information. Net earnings are expected to be $100 million. The company wants to reduce inventory to $150 million. The company wants to return $100 million to shareholders in addition to the $10 million dividend payment it has made the last two years. The company's debt (long-term and notes payable) will remain the same as well as the common stock. If there are 100 million shares outstanding, how much will each share receive in dividends over the next year. a. S11.00 b. S0.10 C. 51.10 d. $1.00 Question 5 A firm's net income is $12,000,000, total assets are $30,000,000 and total debt is $12,000,000 What is the firm's ROE? Not yet answered Maried out of 7.50 a. 0.67 O 6.1 Pag question c. 0.40 d. 0.60