Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current assets Cash Accounts receivable Inventory SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and

image text in transcribedimage text in transcribed

Current assets Cash Accounts receivable Inventory SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current abilities $ 2,791 $ 2,607 Accounts payable $ 2,223 $ 2,740 4,697 5,641 Notes payable 1.820 2,256 12,758 13,642 Other 104 121 $20,246 $21,890 Total $ 4,147 $ 5,117 Total $14.700 $17.460 Long-term debt Owners' equilty Common stock and paid-in surplus Accumulated retained earnings $45,000 $45,000 5724 40,134 Fixed assets Net plant and equipment $59,325 $85,821 Total $ 60,724 $85.134 Total assets $ 79.571 $ 1077 $ 79,571 $107. Total abilities and owners' equity $ 79.571 $ 107,711 SMOLIRA GOLF, INC. 2019 Income Statement Sales 190,170 127,603 Cost of goods sold Depreciation 5,193 $57,374 EBIT Interest pald 1,290 Taxable income 56,084 19,629 Taxes Net Income $36.455 Dividends $12,045 24,410 Retained earnings Smolira Golf has 12,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2019 was $91. a. What is the price-earnings ratio? (Do not round Intermediate calculations and round your answer to 2 decimal places. e... 32.16.) b. What is the price-sales ratio? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What are the dividends per share? (Do not round Intermediate calculations and round your answer to 2 decimal places, e... 32.16.) d. What is the market-to-book ratio at the end of 20197 (Do not round intermediate calculations and round your answer to 2 decimal places. e... 32.16.) Price-earnings a. ratio b. Price-sales ratio Dividends per share Market-to-book d. ratio

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

Applied Quantitative Finance

Authors: W.; T. Kleinkow; G. Stahl Hardle

1st Edition

3540434607, 978-3540434603

More Books

Students also viewed these Finance questions

Question

What are the purposes of promotion ?

Answered: 1 week ago

Question

Compare the different types of employee separation actions.

Answered: 1 week ago

Question

Assess alternative dispute resolution methods.

Answered: 1 week ago

Question

Distinguish between intrinsic and extrinsic rewards.

Answered: 1 week ago