Question

Balance Sheet (Millions of $) Assets 2019 Cash and securities 1554 Accounts receivable 9660 Inventories 13440...

Balance Sheet (Millions of $)
Assets 2019
Cash and securities 1554
Accounts receivable 9660
Inventories 13440
Total current assets $24,654.00
Net plant and equipment 17346
Total assets $42,000.00
Liabilities and Equity
Accounts payable 7980
Notes payable 5,880.00
Accruals 4620
Total current liabilities $18,480.00
Long-term bonds 10920
Total liabilities $29,400.00
Common stock (175 M shares) 3,360.00
Retained earnings 9240
Total common equity $12,600.00
Total liabilities and equity $42,000.00
Income Statement (Millions of $) 2019
Net sales $60,000.00
Operating costs except depr'n $56,178.00
Depreciation 1029
Earnings bef int and taxes (EBIT) $2,793.00
Less interest 1050
Earnings before taxes (EBT) $1,743.00
Taxes   36% 627.48
Net income $1,115.52
Dividends 40% 446.208
Additions to Retained Earnings $669.31

G: The Book Value weights are:

Std LtD ComStock
0 0
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Answer #1


Short term debt Long term debt Common equity Book value weights 18480 0.44 (18480/42000) 10920 0.26 (10920/42000) 12600 0.30

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