Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I would love your help. I have gotten one answer but not sure how to do the rest. Some recent financial statements for Smolira Golf,
I would love your help. I have gotten one answer but not sure how to do the rest.
Some recent financial statements for Smolira Golf, Inc., follow SMOLIRA GOLF, INC Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable Inventory $ 2,761 $2,557 5,631 13,632 $20,231 21,820 Accounts payable Notes payable Other $ 2,228 2,750 2,266 122 $4.158 5.138 $14,800 17,560 4,692 12,778 1,825 105 Total Total Long-term debt Owners' equity $45,500 45,500 40,207 $61.229 85,707 $80,187 $108,405 Common stock and paid-in surplus Accumulated retained earnings Fixed assets 15,729 Total Net plant and equipment Total assets $59,956 86,585 $80,187 $108,405 Total liabilities and owners' equity SMOLIRA GOLF, INC 2016 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income $190,370 127,703 5,183 57,484 1,280 $56,204 19.671 36,533 Dividends Retained earnings $12,055 24,478 Smolira Golf has 13,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2016 was $92. What is the price-earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price earnings ratio What is the price-sales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price-sales ratio times timesStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started