*Southeasi Systems has the following balance sheet and the income statement. The company had 10 million shares of common stock outstanding and its market price of the common stock was $78 at the end of 2014. Make sure the unit is in million dollars. (unit: $ in millio: Southeast Systems Balance Sheets 2013 2014 2013 2014 Cash $50 $100 Accounts payable 700 Notes payable 550 Long-term debt $450 $500 Accounts receivable 600 300 400 Inventory Net fixed assets 500 650 650 1.000 1.000 Common equity Retained earnings $2,350 Total Liabilities & Owner's Equity 300 300 450 500 Total Assets $2,150 $2,150 $2,350 Income Statement 2014 $2,370 Sales Cost of goods sold 2,070 Depreciation 200 EBIT 100 Interest expenses 20 Taxable income 80 Тахes 28 Net income $52 Dividends $2 What are the values of the earning per share (EPS) and the price-earnings (P/E) ratio?
*Southeasi Systems has the following balance sheet and the income statement. The company had 10 million shares of common stock outstanding and its market price of the common stock was $78 at the end of 2014. Make sure the unit is in million dollars. (unit: $ in millio: Southeast Systems Balance Sheets 2013 2014 2013 2014 Cash $50 $100 Accounts payable 700 Notes payable 550 Long-term debt $450 $500 Accounts receivable 600 300 400 Inventory Net fixed assets 500 650 650 1.000 1.000 Common equity Retained earnings $2,350 Total Liabilities & Owner's Equity 300 300 450 500 Total Assets $2,150 $2,150 $2,350 Income Statement 2014 $2,370 Sales Cost of goods sold 2,070 Depreciation 200 EBIT 100 Interest expenses 20 Taxable income 80 Тахes 28 Net income $52 Dividends $2 What are the values of the earning per share (EPS) and the price-earnings (P/E) ratio?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 99.4C
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