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USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 27-31 Financial data for Ligon's Lighting Company are given below. All figures are in dollars. Use this data
USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 27-31 Financial data for Ligon's Lighting Company are given below. All figures are in dollars. Use this data to construct a Balance Sheet for the company for the year ending December 31, 2018. NOTE: Not every item in the list below belongs on the balance sheet - you have to use some given data to determine needed accounts for the balance sheet. However, other than what is listed and/or can be derived, there are no other accounts on Tara's balance sheet - use cash as a plug figure to balance the balance sheet. Accounts payable Accruals Accumulated depreciation Additional paid in capital Beginning of year inventory Common stock ($1.50 par value) Cost of goods sold Current portion of Long-term debt Gross accounts receivable Gross fixed assets Long-term debt (excluding current portion) Purchases Retained earnings Returns and allowances Short-term bank loan Cash 6,124,500 874,100 34,875,600 13,475,620 21,846,230 15,620,000 99,586,210 3,578,600 5,951,360 105,479,620 47,862,320 94,087,620 5,230,460 59,680 258,500 ??? 35. The Lunder Company has total assets of $21,500,000, current liabilities of $2,700,000, and long-term liabilities of $7,400,000. The firm has 400,000 shares of common stock outstanding. Compute the firm's book value per share. 36. Referring back to the previous question, if Lunder's net income equals $1,600,000 and Lunder has a P/E ratio of 14.0 (note that P/E ratio = stock price per share divided by earnings per share), what is the current price of the stock
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