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Bluebull Shoes Inc., has the following balance sheet and the income statement. The company had 100 million shares of common stock outstanding and its market

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Bluebull Shoes Inc., has the following balance sheet and the income statement. The company had 100 million shares of common stock outstanding and its market price of the common stock was $20 at the end of 2017. Make sure the unit is in million dollars. (uniti in millions) Southeast Systems Balance Sheets 2016 2017 2016 2017 Cash $1,050 $1,100 Accounts payable $450 $500 Accounts receivable 600 700 Long-term debt 950 1,050 Inventory 500 550 Common equity 300 300 Niet fixed assets 1.000 1.000 Betained camnings 1.450 1.500 Total Assets 53,350 Total Labs $3,150 3,350 Owner's Equity $3,150 Income Statement 2017 $3,370 2.070 Sog 800 Net ses Cost of goods sold Depreciation EBIT Interested Taxable income TRE Net Income Dividende 300 500 31.00 What is the price-comings (P/E) for 2017 10 times 20 23 times

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