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  3. amandeep profit corporation 2018 statement of comp

Amandeep Profit Corporation 2018 Statement of comprehensive income (s in millions) Sales $8,800 Less: Costs...

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Accounting

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Amandeep Profit Corporation 2018 Statement of comprehensive income (s in millions) Sales $8,800 Less: Costs 5,600 Depreciation 900 EBIT 2,300 Less: Interest 350 EBT 1,950 Less: Taxes 550 Net Income 1,400 Dividends 900 Addition to ret. Earnings 500 + Amandeep Profit Corporation 2017 and 2018 Statement of financial position (s in millions) 2017 2018 S170 $110 Accounts payable 500 700 Notes payable 1.240 1,000 Current liabilities 1,910 1,810 Long-term debt 2,000 3,500 Common stock (50 shares) Retained earnings $3,910 $5,310 Total lib. & equity 2017 $135 1,200 Cash Accounts rec. Inventory Current assets Fixed assets 1,335 2018 S120 1,400 1,520 2,620 200 970 $5.310 2,005 100 470 $3,910 Total assets the firm is currently carrying a price/earnings ratio of 2, what is the firm's approximate market price per share

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