The balance sheet and income statement shown below are for Koski Ine. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. 2015 $2,500 11,500 16.000 $30,000 Balance Sheet(Millions of s) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities $20.000 $50,000 $ 9,500 5,500 7.000 S22,000 Long-term bonds Total liabilities Common stock Retained earnings Totalcommon equity Total liabilities and equity $15.000 $37,000 $ 2,000 11.00 $13 (MM) $50,000 2015 $87,500 81,813 Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) 1,531 $ 4,156 1,375 $ 2,781 Taxes 973 Net income $ 1,808 Other data: 500.00 $632.73 Shares outstanding (millions) Common dividends Int rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 6.25% 35% $43.39 O a. 13.21% O b. 13.91% O c. 14.60% d. 15.33% O e. 16.10% What is the firm's ROE? Exhibit for questions # 40-50 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over