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ESTION 3 2013 Southeast Systems was the following balance sheet and the income statement. The company had 10 million shares of common stock outstanding and
ESTION 3 2013 Southeast Systems was the following balance sheet and the income statement. The company had 10 million shares of common stock outstanding and its market price of the common stock was $78 at the end of 2014. Make sure the unit is in million dollars. (unit: In millions) Southeast Systems Balance Sheets 2014 2013 2014 Cash $50 $100 $450 Accounts payable Accounts receivable 600 700 Notes payable Inventory 500 550 Long-term debt Net fixed assets 1.000 300 1.000 Common equity Retained earnings $2,150 Total Assets $2,350 Total Habilities & Owner's Equity Income Statement 2014 $2.370 2,070 Sales Cost of goods sold Depreciation Interest expenses Taxable income Taxes Net income Dividends (1) What is the common-size value of accounts receivable for 2014? (2) What is the common-size value of cost of goods sold for 2014? (1) 70.00% (2) 39.81% (1) 29.795 (2) 39.81% (1) 26.54% (2) 87.34% (1) 29.79% (2) 88.00% (1)29 795 (2) 87 34% t o Chetawr and submittee and submit. Click Save Al X NEO
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