Question
SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 2014 Assets Liabilities and Owners Equity Current assets Current liabilities
SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2013 and 2014 | ||||||||||
| 2013 | 2014 |
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| 2013 | 2014 | ||||
Assets |
| Liabilities and Owners Equity | ||||||||
Current assets |
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| Current liabilities |
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Cash | $ | 2,911 | $ | 2,807 |
| Accounts payable | $ | 2,203 | $ | 2,700 |
Accounts receivable |
| 4,717 |
| 5,681 |
| Notes payable |
| 1,800 |
| 2,216 |
Inventory |
| 12,678 |
| 13,682 |
| Other |
| 100 |
| 117 |
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Total | $ | 20,306 | $ | 22,170 |
| Total | $ | 4,103 | $ | 5,033 |
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| Long-term debt | $ | 14,300 | $ | 17,060 |
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| Owners equity |
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| Common stock |
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| and paid-in surplus | $ | 43,000 | $ | 43,000 |
Fixed assets |
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| Accumulated retained earnings |
| 15,704 |
| 39,842 |
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Net plant and equipment | $ | 56,801 | $ | 82,765 |
| Total | $ | 58,704 | $ | 82,842 |
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Total assets | $ | 77,107 | $ | 104,935 |
| Total liabilities and owners equity | $ | 77,107 | $ | 104,935 |
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SMOLIRA GOLF, INC. 2014 Income Statement | ||||
Sales |
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| $ | 189,370 |
Cost of goods sold |
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| 127,203 |
Depreciation |
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| 5,233 |
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EBIT |
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| $ | 56,934 |
Interest paid |
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| 1,330 |
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Taxable income |
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| $ | 55,604 |
Taxes |
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| 19,461 |
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Net income |
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| $ | 36,143 |
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Dividends | $ | 12,005 |
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Retained earnings |
| 24,138 |
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Smolira Golf has 12,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2014 was $87. |
Requirement 1: |
What is the price-earnings ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Price-earnings ratio | times |
Requirement 2: |
What is the price-sales ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Price-sales ratio | times |
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 |
| times |
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