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The financial statements of Burnaby Mountain Trading Company are shown below. Burnaby Mountain Trading Company Income Statement 2015 Sales $7,000,000 Cost of Goods Sold 5,000,000

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The financial statements of Burnaby Mountain Trading Company are shown below. Burnaby Mountain Trading Company Income Statement 2015 Sales $7,000,000 Cost of Goods Sold 5,000,000 Gross Profit $ 2,000,000 Selling and Administrative Expenses 1,700,000 EBIT $ 300.000 Interest Expense 50,000 Income before Tax $ 250,000 Taxes 100,000 Net Income $ 150.000 Burnaby Mountain Trading Company Comparative Balance Sheets Cash Accounts Receivable Inventory Total Current Assets Fixed Assets Total Assets 2015 2014 $ 90,000 $ 80,000 810,000 800,000 800,000 720,000 $ 1,700,000 $1,600,000 2,600,000 2,400,000 $ 4,300,000 $4.000.000 Accounts Payable Bank Loans Total Current Uabilities Long-term Bonds Total Liabilities Common Stock (20,000 shares) Retained Earnings Total Equity Total Liabilities and Equity $ 500,000 $400,000 100,000 100,000 $ 600,000 $ 500,000 400,000 300,000 $1,000,000 $ 800,000 500,000 500,000 2.800.000 2.700,000 $3,300,000 $3,200,000 $ 4,300,000 $4,000,000 Note: The common shares are trading in the stock market for $27 each. Refer to the financial statements of Burnaby Mountain Trading Company. The firm's market-to-book value for 2015 is

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