yuuSTIUN 44 What the firm' TIE 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 Balance Sheet Millions of Assets Cash and securities 2015 $2,500 11,500 Accounts receivable 16.000 $30,000 $20.000 $50,000 Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities $9,500 5.500 7.000 $22,000 $15.000 $37,000 $ 2,000 Long-term bonds Total liabilities Common stock Retained earnings Total contmon equity Total liabilities and equity $13.000 550,000 Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes 2015 $87,500 81,813 1.531 $ 4,156 1375 $ 2,781 973 $ 1,808 Net income 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. 2.20 b.2.45 O c. 2.72 O 0.3.02 e. 3.33