Question 23 Calculate the Market to Book Value 8.2x 6.16x O 7.31x O 11.24x Assets Current Assets: Cash Accounts Receivable Inventory Total current Assets NET Fixed Assets Other Assets Total Assets $ 10,000 40,000 75.000 $125,000 152,000 4.000 $ 281,000 Liabilities and Stockholders Equity Current Liabilities: Accounts Payable $ 69,000 Notes Payable 24,000 Accrued Expenses 4,000 Total Current Liabilities $ 97,000 Long Term Debt 30.000 Total Debt $ 127,000 Owners Equity Common Stock( 25,000 shares outstanding @S1 par) 25,000 Retained Earnings 129.000 Total Equity $ 154,000 Total Liabilities and Stockholders Equity $ 281,000 The Cwazy Wabbitt Company Income Statement for the year 1/1/2019 - 12/31/2019 $1,300,000 Sales ( 50,000 units @ $26.00 price) Cost of Goods Sold ( 50,000 units @ $20.10 variable cost per unit) Fixed Costs Operating Profit (EBIT) Interest Expense Earnings Before Tax Taxes (15%) Earnings After Tax (Net Income) Dividends declared and paid Current Stock Price as 7/21/2015: $ 1,005,000 177,500 117,500 63,240 54,260 18.991 S 35,269 14,108 $45.00