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this is one question G pard.com/webapps/assessment/take/launchjsp?course_assessment_id=_40139_18_course_id =_32442_1&content_id... Metal Shark Diesel... Pushing Back The D... Salary per Year for. Alaska Commercial.. V The Sleepy Shack, P
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G pard.com/webapps/assessment/take/launchjsp?course_assessment_id=_40139_18_course_id =_32442_1&content_id... Metal Shark Diesel... Pushing Back The D... Salary per Year for. Alaska Commercial.. V The Sleepy Shack, P 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 Balance Sheet (Millions of S) Assets 2019 Cash and securities $4,200 17,500 Accounts receivable Inventories 20,300 Total current assets S42,000 Net plant and equipment $28,000 $70,000 $22,509 Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities 14,391 6,000 $42,900 $11,000 Long-term bonds Total liabilities S53,900 Total liabilities $53.900 Common stock $3,542 Retained earnings 12,558 Total common equity $16,100 Total liabilities and equity $70,000 Income Statement (Millions of S) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes 2019 $105,000 97,650 2,100 $5,250 1,020 $4.230 1,058 Net income $2,538 Other data: Shares outstanding (millions) Common dividends (millions of S) 500.00 $888.30 Less interest Earnings before taxes (EBT) Taxes 1.020 $4.230 1,058 $2,538 Net income 500.00 5888.30 Other data: Shares outstanding (millions) Common dividends (millions of S) Int rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 40% $60.91 Refer to Exhibit 4.1. What is the firm's market-to-book ratio? Do not round your intermediate calculations. a. 1.82 b.1.42 C. 1.72 d. 1.89 e. 1.55 Step by Step Solution
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