Please answer problem a),b),c)

Question 1 Suppose it is January 1, 2018. You have the following year-end 2017 balance sheet and year 2018 pro forma income statement information for Canine Corporation, a retailer: Balance Sheet, Dec. 31,2017 Cash Accts. Receivable Inventories Property, Plant, Equip.50 Total Assets mi Pro Forma Income Statement, 2018 (Smil 10 10 30 Debt Equity Total Liab. &NW 100 Dividends Sales Cost of Goods Sold Selling, Gen. & Admin. Exp Net Income 200 150 40 10 100 100 a) Canine's shareholders have a required rate of return of 12%. Canine is expected to grow indefinitely at its sustainable growth rate, and its return on equity (ROE) and dividend payout ratio are expected to remain the same each year for the foreseeable future. What is the market value of Canine's equity? b) Selected average financial ratios for other companies in Canine's industry are: Industry Avera Canine Gross Profit Margin Net Profit Margin Total Asset Turnover Inventory Conversion Period Equity Multiplier 20% 8% 2.5 40 days Fill in the analogous financial ratios for Canine, based on its financial statement data. c) The average dividend payout ratio for other companies in Canine's industry is 80%, and shareholders' required rate of return for these companies is 12%, what do you estimate the average forward price-earnings (PE) ratio to be for these other companies in the industry? What steps would you recommend that Canine take in order to improve its financial performance relative to its industry competitors