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Balance Sheet Assets Income Statement Cash Sales marketable Securities COGS GP SGA $5,000,000 12,500,000 2,500,000...

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Balance Sheet Assets Income Statement Cash Sales marketable Securities COGS GP SGA $5,000,000 12,500,000 2,500,000 30,000,000 5,000,000 30,000,000 85,000,000 $20,000,000 8,000,000 12,000,000 1,600,000 3,000,000 7,400,000 2,000,000 5,400,000 1,350,000 4050000 Dep Exp Acct Receivables, Net Inventory Prepaid expenses Plant & Equipment Total Assets Liabilities and Equity Acct Payable Notes Payable Accrued Expenses OP interest EBT Taxes (25%) Net Income 20,000,000 5,000,000 5,000,000 Common Stk Div 600,000 Bonds Payable 35,000,000 Retained Earnings 3,450,000 Total Liabilities Common Stock Capital in Excess of Par Retained Earnings Total Liabilities and Equity 65,000,000 5,000,000 10,000,000 5,000,000 85,000,000 Shares outstanding of common stock = 1,000,000 Market price of common stock = $18. The Current Ratio is: no

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