Blue Bird, Inc.				Blue Bird, Inc.
2018 Statement of comprehensive income				Statement of financial position
Net Sales		$12,630		Years ended 2017 and 2018
Less: Cost of Goods Sold		8,240			2017	2018		2017	2018
Less: Depreciation		1,010		Cash	$640	$590	Accounts payable	1,240	660
Earnings Before Interest and Taxes		3,380		Accounts rec.	1,200	$1,390	Long-term debt	2,500	2,800
Less: Interest Paid		750		Inventory	2,300	2,470	Common stock	4,000	4,500
Taxable Income		$2,630		Total	$4,140	$4,450	Retained earnings	1,040	1,690
Less: Taxes		920		Net fixed assets	4,640	5,200
Net Income		$1,710		Total assets	$8,780	$9,650	Total liabilities & equity	$8,780	$9,650

Please show formula used or steps in your calculate whenever appropriate.

(a) Blue Bird Inc has 1,500 shares of stock outstanding. The price-earning ratio for 2018 is 21. What is the market price of stock?

(b) What is the net cash flow from investment activity for 2018?