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Problem 19-5 Price Ratios (LO3, CFA6) You are given the following information for Smashville, Inc. Cost of goods sold: $199,000 Investment income: $1,900 Net sales:
Problem 19-5 Price Ratios (LO3, CFA6)
You are given the following information for Smashville, Inc.
Cost of goods sold: | $199,000 | |
Investment income: | $1,900 | |
Net sales: | $384,000 | |
Operating expense: | $88,000 | |
Interest expense: | $7,400 | |
Dividends: | $7,000 | |
Tax rate: | 21 | % |
Current liabilities: | $14,000 |
Cash: | $21,000 |
Long-term debt: | $29,000 |
Other assets: | $43,000 |
Fixed assets: | $133,000 |
Other liabilities: | $5,000 |
Investments: | $39,000 |
Operating assets: | $35,000 |
During the year, Smashville, Inc., had 17,000 shares of stock outstanding and depreciation expense of $11,000. At the end of the year, Smashville stock sold for $45 per share. Calculate the price-book ratio, price-earnings ratio, and price-cash flow ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
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