The balance sheet and income statement shown below are for JAllen Firm BALANCE SHEET (Millions of $) Assets 2007 Cash and securities $ 2,500 Accounts receivable 11,500 Inventories 16,000 Total current assets $30,000 Net plant and equipment $20,000 Total assets $50,000 Liabilities and Equity Accounts payable $ 9,500 Notes payable 7,000 Accruals 5,500 Total current liabilities $22,000 Long term bonds $15,000 Total debt $37,000 Common stock $ 2,000 Retained earnings 11,000 Total common equity $13,000 Total liabilities and equity $50,000 INCOME STATEMENT (Millions of $) 2007 Net sales $87,500 Operating costs except depreciation 81,813 Depreciation 1,531 Earnings before interest and taxes (EBIT) $ 4,156 Less interest 1,375 Earnings before taxes (EBT) $ 2,781 Taxes 973 Net income $ 1,808 Other useful data Shares outstanding (millions) 500 00 Common dividends $632 73 Int rate on notes payable L T bonds 6 25 Federal plus state income tax rate 35 Year end stock price $43 39 What is the firm's dividends per share a $1 14 b $1 27 c $1 39 d $1 53 e $1 68 What is the firm's P E ratio a 12 0 b 12 6 c 13 2 d 13 9 e 14 6 What is the firm's market to book ratio a 0 87 b 1 02 c 1 21 d 1 42 e 1 67

Question

The balance sheet and income statement shown below are for JAllen Firm  BALANCE SHEET (Millions of $) Assets 2007 Cash and securities $ 2,500 Accounts receivable 11,500 Inventories 16,000 Total current assets $30,000 Net plant and equipment $20,000 Total assets $50,000 Liabilities and Equity Accounts payable $ 9,500 Notes payable 7,000 Accruals 5,500 Total current liabilities $22,000 Long term bonds $15,000 Total debt $37,000 Common stock $ 2,000 Retained earnings 11,000 Total common equity $13,000 Total liabilities and equity $50,000 INCOME STATEMENT (Millions of $) 2007 Net sales $87,500 Operating costs except depreciation 81,813 Depreciation 1,531 Earnings before interest and taxes (EBIT) $ 4,156 Less interest 1,375 Earnings before taxes (EBT) $ 2,781 Taxes 973 Net income $ 1,808 Other useful data  Shares outstanding (millions) 500 00 Common dividends $632 73 Int rate on notes payable   L T bonds 6 25  Federal plus state income tax rate 35  Year end stock price $43 39 What is the firm's dividends per share  a  $1 14 b  $1 27 c  $1 39 d  $1 53 e  $1 68 What is the firm's P E ratio  a  12 0 b  12 6 c  13 2 d  13 9 e  14 6 What is the firm's market to book ratio  a  0 87 b  1 02 c  1 21 d  1 42 e  1 67

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The balance sheet and income statement shown below are for JAllen Firm. BALANCE SHEET (Millions of $) Assets 2007 Cash and securities $ 2,500 Accounts

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