Below is the summary information from the nancial statements of two companies competing in the same industry: Fargo Company Ball Company Data from the current year-end statements of nancial position Assets Cash ............................... Accounts receivable. net ............... Current notes receivable (trade) ......... Merchandise inventory ................. Prepaid expenses ..................... Property. plant and equipment. net ....... Total assets .......................... Liabilities and Equity Current liabilities ..................... Long-ten'n notes payable ............... Share capital ......................... Retained earnings .................... Total liabilities and equity ............... Assuming each company paid cash dividends of $1 .50 per share and each company's shares is $ 20.000 77. | 00 l I.600 $ 36.500 70.500 82,000 | 0. l 00 Fargo Company Data from the current year's income statement Sales ................................ $393600 Cost of goods sold ..................... 290.600 Interest expense ....................... 5.900 Income tax expense .................... 5.700 Net prot ............................ 33.850 Basic earnings per share. ................ |.27 Beginning-of-year statement of nancial position data Accounts receivable. net ................ 3 72.200 Current notes receivable (trade) ...... . . . . 0 Merchandise inventory .................. l 05. | 00 Total assets ........................... 383.400 Share capital .......................... | 33.000 Retained earnings ...................... 49. | 00 currently traded at $25 per share in the stock market. Ball Company $667,500 480,000 I 2.300 | 2.300 6 | .700 2. | 9 $ 73.300 0 80.500 443.000 I4 I .000 I 09.700