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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

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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. (unit: $ in millions) Southeast Systems Balance Sheets 2014 2015 2014 2015 Cash $50 $100 Accounts payable $450 $500 Accounts receivable 600 700 Notes payable 300 400 Inventory 500 550 Long-term debt 650 650 Net fixed assets 1.000 1.000 Common equity 300 300 Betained earnings 450 300 Total Assets $2,150 $2,350 Total abilities, & 52,150 $2,350 Owner's Equity Income Statement Sales Cost of goods sold Depreciation EBIT Interest expenses Taxable income Taxes Not Income Dividends 2015 $2,370 2,070 200 100 20 80 28 $52 $2 ESTIL Sales Cost of goods sold Depreciation LET Interested Taxable income Taxes Net income Dividends 2015 $2,370 2,070 200 100 20 $ 52 What is the value of the proceemings (PE) tatio for 2015 10 tome 1.5 times 10 times 30 m 150

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