QUESTION 6 Southeast Systems has the following balance sheet and the income statement. The company had 10 million shares of 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. Southeast Systems (unit: $ in millions) Balance Sheets 2013 2014 2013 2014 Cash $100 Accounts payable $50 S500 $450 Accounts receivable 600 700 Notes payable 300 400 Inventory 500 Long-term debt 1,000 Common equity 550 650 650 Net fixed assets 1.000 300 300 Retained eatnings $2,350 Total Liabilities 8 Owner's Equity 450 $2,150 500 Total Assets $2,150 $2,350 Income Statement 2014 $2,370 Sales 2,070 Cost of goods sold Depreciation 200 100 EBIT 20 Interest expenses 80 Taxable income 28 s52 Taxes Net income Dividends $2 (1) What is the value of the interest coverage ratio for 20147 (2) What is the value of the days in inventory for 2014? (1) 5.0 times (2) 85 days (1)0.1 times (2) 3.8 days (1) 5.0 times (2) 3.8 days (1) 0.1 times (2) 97 days (1)50 imes (2) 97 days See 4A