Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate financial ratios for 2009 Please solve D, E, F and G. SMOLIRA GOLF, Inc. 2009 Income Statement Sales Cost of goods sold Depreciation Earnings

Calculate financial ratios for 2009
Please solve D, E, F and G. image text in transcribed
image text in transcribed
image text in transcribed
SMOLIRA GOLF, Inc. 2009 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (35%) Net income Dividends Retained earnings $305,830 210,935 26,850 $ 68,045 11,930 $ 56,115 19,640 $ 36,475 $20.000 16.475 2. 2. 3 3 4 SMOLIRA GOLF 2008 and 2009 Balance Sheets Assets Liabilities and Owners' Equity 2008 2009 2008 2009 Current liabilities $21,860 $ 22,050 Accounts payable $ 19,320 $ 22,850 5 LO 6 7 Current assets Cash Accounts receivable Inventory Total 8 9 11,316 13,850 23,084 24,650 $56,260 $ 60,550 10,000 9,000 9,643 11,385 $ 38,963 $ 43,235 $ 75,000 $85.000 10 11 Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings 12 13 $ 25,000 $ 25,000 14 15 151,365 167,840 Fixed assets Net plant and equipment 16 234,068 260,525 $176,365 $192.840 Total Total liabilities and owners' equity $290,328 $321.075 $290,328 $321,075 17 Total assets 18 19 Share Price 20 No. of Shares $105 per share 280 million D. Profitability Ratio 1 Profit Margin 2 Return on Assets 3 Return on Equity E. Market Value Ratio 1 Earning Per Share 2 PE Ratio 3 Price to Sales Ratio 4 Market to Book Value Ratio 5 Enterprise Value 6 EBITDA Ratio F. Payout and Retention Ratio 1 Divident Payout Ratio 2 Retention Ratio G. Internal Growth Rate

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investments Analysis and Management

Authors: Charles P. Jones

12th edition

978-1118475904, 1118475909, 1118363299, 978-1118363294

More Books

Students also viewed these Finance questions