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please help with these two questions QUESTION 8 1 points Save Answer Bluebull Shoes Inc., has the following balance sheet and the income statement. The
please help with these two questions
QUESTION 8 1 points Save Answer 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 $70 at the end of 2017. Make sure the unit is in million dollars. (unit: 5 in millions) Southeast Systems Balance Sheets 2016 2017 2016 2017 Cash $1,050 $1,100 Accounts $450 $500 payable 600 700 Long- 950 1,050 Accounts receivable term debt Inventory 500 550 Common 300 300 equity 1.000 1.000 Retained 1.450 1.500 Net fixed assets earnings Total $3,150 $3,350 Total $3,150 $3,350 Assets Liabilities & Owner's Equity Income Statement 2017 $3,370 2,070 500 800 300 500 U $350 Net sales Cost of goods sold Depreciation EBIT Interest expenses Taxable income Taxes Net income Dividends $300 What is the addition to the retained earnings? $25 million $30 million $45 million $50 million QUESTION 17 1 points Save Answer 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 $70 at the end of 2017. Make sure the unit is in million dollars. (unit: $ in millions Southeast Systems Balance Sheets 2016 2017 2016 2017 Cash $1,050 $1,100 Accounts $450 $500 payable Accounts 600 700 Long- 950 1,050 receivable term debt Inventory 500 550 Common 300 300 equity Net fixed 1.000 1.000 Retained 1.450 1.500 earnings assets Total $3,150 $3,350 Total $3,150 $3,350 Assets Liabilities & Owner's Equity Income Statement 2017 $3,370 2,070 500 800 300 500 U $350 Dividends $300 What is the total book value of the equity for 2017? $300 million $1,550 million O $1,800 million O $7,000 million Click Save and Submit to save and submit. Click Save LIFA Net sales Cost of goods sold Depreciation EBIT Interest expenses Taxable income Taxes Net income Step by Step Solution
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