You have been hired by first citizens bank as a financial analyst. One of your first assignments is to analyze the present financial condition of Bradley Stores, Incorporated. You are provided with the following 2009 balance sheet and income statement information for Bradley stores. In addition, you are told that Bradley Stores has 10,000,000 shares of common stock outstanding, currently trading at $9 per share, and has made annual purchases of $210, 000,000.

Question

You have been hired by first citizens bank as a financial analyst.  One of your first assignments is to analyze the present financial condition of Bradley Stores, Incorporated. You are provided with the following 2009 balance sheet and income statement information for Bradley stores. In addition, you are told that Bradley Stores has 10,000,000 shares of common stock outstanding, currently trading at $9 per share, and has made annual purchases of $210, 000,000.