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Please solve it step by step thanks! 5. 600 Balance Sheet ($ in Millions) Assets 1998 Liabilities and Owners' Equity 1998 Current Assets Current Liabilities
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5. 600 Balance Sheet ($ in Millions) Assets 1998 Liabilities and Owners' Equity 1998 Current Assets Current Liabilities Cash Accounts Payable 700 Accounts Receivable 500 Notes Payable 700 Inventory 900 Total Current Liabilities 1400 Total Current Assets 2000 Long-Term Liabilities Long-Term Debt 1100 Fixed Assets Total Long-Term Liabilities 1100 Property, plant, and Equipment 2800 Owners' Equity Less Accumulated Depreciation 1300 Common Stock ($1 Par) 200 Net Fixed Assets Capital Surplus 700 Retained Earnings Total Owners' Equity 1000 Total Assets 3500 Total Liab, and Owners' Equity 3500 Income Statement ($ in Million 199: Sales 5500 Cost of Goods Sold 900 Administrative Expenses 700 Depreciation 264 Earnings Before Interest and Taxes 363 Interest Expense 130 Taxable income 350 Taxes 1511 Net Income 1995 Dividends 461 Addition to Retained Earnings 1534 Other Information Number of Shares Outstanding (Milions) 200 Price per Share 9.77 1500 100 Calculate the main ratios of the company related to the balance sheet in accordance with the given financial statements Step by Step Solution
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