Lemonade Inc. Ratios

Consider the following information for Lemonade Inc. in 2020

Balance Sheet

Lemons and Sugar and Cups: $20,000

Cash: $2000

Biff owes us $1000 for his monthly tab

The Stand and Equipment and License from the University: $5000

Vendor Bills: $10000

Income Statement

Sales 2020: $40,000

Cost of the cups and lemons and sugar and stuff to make each cup: 70% of each cup sold

Overhead: $4000

Taxes: 20% of Net Income Before Taxes

We have 1000 shares outstanding and believe a new investor would pay us $100 per share.

A) In Part B, what was our current ratio?

B) In Part B, what was our EPS?

C) In Part B, what was our PE Ratio?