Blink Inc. 2017 Income Statement ($ in millions)

Blink Inc. 2016 and 2017 Balance Sheets ($ in millions)

Answer questions 6 9 by using the above information.

6. What is the quick ratio for 2017?

7. What is the equity multiplier for 2017?

8. What is the return on equity for 2017?

9. Blink Inc. has 90 million shares of stock outstanding. Their price-earnings ratio for 2017 is 12. What is the market price per share of stock?

\begin{tabular}{lr} Net sales & $8,450 \\ Less: Cost of goods sold & 7,240 \\ Less: Depreciation & 400 \\ Earnings before interest and taxes & 810 \\ Less: Interest paid & 70 \\ Taxable Income & $40 \\ Less: Taxes & 259 \\ Net income & $481 \\ \hline \end{tabular}