Northeastern Inc. 2017 Income Statement (S in millions) $8,450 7,240 400 810 Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income 70 $ 740 259 S481 Northeastern Inc. 2016 and 2017 Balance Sheets (S in millions) Cash Accounts rec. Inventory Total Net fixed assets Total assets 2016 2017 $ 120 S 140 930 780 1.480 1.520 $2,530 S2,440 3.1.50 3.600 $5.680 56.040 Accounts payable Long-term debt Common stock Retained earnings 2016 $1,110 840 3.200 530 2017 $1,120 1,210 3,000 710 Total liabilities & equity $5.680 $6.040 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. Northeastern 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? 10. Suppose you want to borrow $20,000 for a new car. Ford Credit offers you a 4 year auto loan at fixed- rate 8% per year with monthly compounding. What is your monthly payment? 11. You are looking at two savings accounts offered by CitiBank. HappySaver (HS) pays 5.25%, with daily compounding. Gold Mine (GM) pays 5.3% with semiannual compounding. What are their EARS