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Steven Book Inc., has sales of $7,400,000, total assets of $10,000,000, current assets of $2,000,000, long-term debt of $4,000,000, net working capital of $1,000,000, COGS

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Steven Book Inc., has sales of $7,400,000, total assets of $10,000,000, current assets of $2,000,000, long-term debt of $4,000,000, net working capital of $1,000,000, COGS of $3,500,000, depreciation expense of $1,000,000, interest expense of $500,000. The tax rate of 25 percent. If the plow-back ratio is 30%, what is the dividend amount? Question 10 (10 points) Towne Realty has net fixed assets of 260,000, current liabilities of $40,000, net working capital of $20,000, and long-term liabilities of $120,000. The number of shares outstanding is 10,000 and share price is $48. Q1: What is the total debt ratio? Q2: What is the market to book ratio? Show your calculation to get full points

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