Q5

3.A firm with 627,724 shares priced in the market at $37.59 per share has total common equity value of $7,678,053 on its balance sheet. How much is its book value of its equity? Answer to the nearest cent as in xx.xx omitting the dollar sign.

4.An income statement has $20 million in sales, $12.3 million in operating costs, and $5.7 in depreciations. Interest is 10% and taxes are 35%. What is the EBIT? Please answer in units of million dollars to the closest tenth of a million as in $x.x million without entering the dollar sign or the million word.