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Hello I have 3 questions I need help with. Thank you for your help in advance Some recent financial statements for Smolira Golf, Inc., follow.
Hello I have 3 questions I need help with. Thank you for your help in advance
Some recent financial statements for Smolira Golf, Inc., follow. 2013 Assets Current assets Cash $ Accou nts receivable Invent ory 4,607 SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2013 and 2014 2014 2013 Liabilities and Owners' Equity Current liabilities Accounts $ 4,910 $ 3,413 payable 2,768 3,416 138 165 28,666 $ 32,409 Total assets Total Long-term debt Owners' equity Common stock and paid-in surplus Accumula ted retained earnings Fixed assets Net plant and equipmen t $ 58,688 $ Sales Cost of goods sold Depreciatio n 87,354 3,846 Notes payable 8,149 17,357 $ $ 19,350 Other 6,702 Total 2014 $ 76,810 $ SMOLIRA GOLF, INC. 2014 Income Statement $ Total Total liabilities 109,219 and owners' equity 205,227 138,383 5,910 $ 6,319 $ 7,427 $ 22,500 $ 19,000 $ 38,000 $ 38,000 20,535 44,792 $ 58,535 $ 82,792 $ 87,354 $ 109,219 EBIT Interest paid $ 1,617 Taxable income Taxes $ Retained earnings 59,317 20,760 Net income Dividends $ 60,934 $ 38,557 14,300 24,257 Required: Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) 2013 Short-term solvency ratios a. Current ratio b. Quick ratio c. Cash ratio Asset utilization ratios d. Total asset turnover 2014 times times times times times times times e. Inventory turnover times f. Receivables turnover Long-term solvency ratios g. Total debt ratio times times h. Debt-equity ratio i. Equity multiplier times j. Times interest earned ratio . times times k. Cash coverage ratio Profitability ratios l. Profit margin m Return on assets n. Return on equity Some recent financial statements for Smolira Golf, Inc., follow. times % % SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 2014 Assets Liabilities and Owners' Equity Current liabilities Accounts $ 4,607 $ 4,910 $ 3,413$ payable Notes 6,702 8,149 2,768 payable 19,35 17,357 Other 138 0 Current assets Cash Accounts receivable Inventory Total $ 28,666 $ 32,40 9 Long-term debt Owners' equity Common stock and paid-in surplus Accumul ated retained earnings Fixed assets Net plant and equipment Total assets Sales Cost of goods sold Depreciatio n Total $ 58,688 $ 87,354 SMOLIRA GOLF, INC. 2014 Income Statement $ $ 3,846 3,416 165 6,319$ 7,427 $ 22,500$ 19,000 $ 38,000$ 38,000 20,535 44,792 76,81 0 $ $ Total $ 58,535$ 82,792 109,2 19 Total liabilities and owners' equity $ 87,354$ 109,219 205,227 138,383 5,910 EBIT Interest paid $ 60,934 1,617 Taxable income Taxes $ 59,317 20,760 Net income Dividends $ Retained earnings $ 38,557 14,300 24,257 Required: Construct the Du Pont identity for Smolira Golf. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Profit margin % Total asset turnover times Equity multiplier times Return on equity Some recent financial statements for Smolira Golf, Inc., follow. BalancSMOLIRA GOLF, INC. e Sheets as of December 31, 2013 and 2014 2014 2013 Assets Current assets Cash $ Accounts receivable Inventor y Total 4,607 $ 6,702 17,357 $ 28,666 Current liabilities Accounts 4,910 payable Notes 8,149 payable 19,350 $ 32,409 2013 Liabilities and Owners' Equity $ 2,768 Other Total Long-term debt 3,413 138 $ 6,319 $ 22,500 2 Owners' equity Common stock and paid-in surplus Accumulated retained earnings Fixed assets Net plant and equipment $ Total assets 58,688 $ Sales Cost of goods sold Depreciatio n 87,354 Total Total liabilities 109,219 and owners' equity 38,000 20,535 $ 58,535 $ 87,354 205,227 138,383 5,910 $ 60,934 1,617 Taxable income Taxes $ 59,317 20,760 Net income Retained earnings 76,810 $ SMOLIRA GOLF, INC. 2014 Income Statement $ EBIT Interest paid Dividends $ $ $ $ 38,557 14,300 24,257 Smolira Golf has 10,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2014 was $73. Requirement 1: What is the price-earnings ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) times Price-earnings ratio Requirement 2: What is the price-sales ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) times Price-sales ratio Requirement 3: What are the dividends per share? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Dividends per share $ Requirement 4: What is the market-to-book ratio at the end of 2014? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Market-to-book ratio timesStep by Step Solution
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