What is the firm's P/E ratio? Exhibit for questions # 40-50 The balance sheet and...
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What is the firm's P/E ratio? 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. 2015 Balance Sheet (Millions of s) Assets Cash and securities Accounts receivable Inventories $ 2,500 11,500 Total current assets Net plant and equipment Total assets 16,000 $30,000 $20,000 $50,000 S 9.500 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities 5,500 __7.000 $22,000 Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $15.000 $37,000 $ 2,000 11.000 $13,000 $50,000 Income Statement. Millions of S Net sales 2015 $87,500 81,813 Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes _1531 S 4,156 -1.375 $ 2,781 973 Net income $ 1,808 Other data: Shares outstanding (millions) Common dividends Int rule on notes payable < bonds Federal plus state income tax rate Year-end stock price 500.00 5632.73 6.25% 35% $43.39 2.12.0 6.126 13.2 od 139 e 146
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