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QUESTION 4 Southeast Systems has the following balance sheet and the income statement. The company had to main charest common stock outstanding and its market
QUESTION 4 Southeast Systems has the following balance sheet and the income statement. The company had to main charest common stock outstanding and its market price of the common stock was $78 at the end of 2014. Make sure the unit is in million dollars. (unit: $ in milions) Southeast Systems Balance Sheets 2013 2014 2013 2014 Cash $100 Accounts payable $450 Accounts receivable 600 700 Notes payable Inventory 500 550 Long-term debt 050 Net fixed assets 1.000 1.000 Common equity Retained earnings Total Assets $2,150 $2.350 Total Liabilities $2.150 Owner's quity $50 200 Income Statement Sales Cost of goods sold Depreciation 2014 52,370 2.070 200 100 Interest expenses Taxable income Taxes Net income Dividends What are the values of the current ratio and the quick ratio for 2017 0.89 times: 0.89 times 15 times, 0 9 times 1.5 times: 15 times 1.5 times: 1.0 times 1. times 1.5 times
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