QUESTION 9 The Bellagio Corporation recently reported net income of $3,000,000. It has: 300,000 shares of common stock, which currently trades at $30 a share. Bellagio continues to expand and expects that 1 year from now its net income will be 54.125,000. Over the next year it also anticipates issuing an additional 90,000 shares of stock, so that 1 year from now it will have 390,000 shares of common stock. Assuming its pricelearnings ratio remains at its current level, what will be its stock price 1 year from now? O a. 528.36 b.531.73 c$30.00 d. $41.25 e. $23.08 79,000 164,000 99.500 342.500 428.000 181.009 951.500 Consider the following financin data for Ben's Computer Stores: Statement of Financial Position as of December 31, 2012 Cash 50,000 Accounts payable Accounts receivable 192,500 Notes payable 313.500 Accruals Total current 556.000 Total currentlisbilities 5 Long term debet Note 395 500 Common equity 951.500 Total liabilities & equity 5 Statement of Earnings for the Year Ended December 31, 2012 Sales en 5 852,500 Cost of merchandise sold 561.500 Cross profit 5 Operating expenses 131.000 Fans before and as (EBIT) 5 160,000 Interest expense 27.000 Farrings before we (EBT) $ 83,000 Federal and state come taxes (45 percent) 37.350 $ Net profit 45.650 291.000 Calculate Ben's total asset tumover. a. 2.08 2.72 Oc. 14.56 0.0.90 0.4.80 Consider the following financial data for Slune's Music Stores: 68.500 165.000 51.500 285.000 217,500 247.500 750.000 Balance Sheet as of December 31, 2012 Cash & equivalent $ 81.000 Accounts payabin Acrevole 120,500 Short term bank note Investones 166.500 Accruals Total current 5 368,000 Total current abilities Long-term debit Net find asset 382.000 Common equity Total 250.000 Total liabilities & equity Statement of Earnings for the Year Ended December 31, 2012 Sale 5 457.000 Cost of yood sold 295.000 Gross profit 5 162,000 Operating expenses 25.000 Earrings before internet and taxes (BBIT) $ 87,000 27.000 Earnings before taxes (ET) $ 60,000 Federal and state income taxes (40 percent) 24.000 Neteringe 36.000 Calculate Shane's return on assets (ROA). a: 22.2294 b.4.8094 OC 9.78% d 7.8894 e. 14.5596