Abc telecom inc.’s debt has a market value of $5,619 million, and abc telecom inc. has no preferred stock. if abc telecom inc. has 450 million shares of common stock outstanding, what is abc telecom inc.’s estimated intrinsic value per share of common stock? (note: round all intermediate calculations to two decimal places.)

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.