Question
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
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 | $ | 3,251 | $ | 3,407 | Accounts payable | $ | 2,143 | $ | 2,580 | |||||||
Accounts receivable | 4,777 | 5,801 | Notes payable | 1,740 | 2,096 | |||||||||||
Inventory | 12,438 | 13,802 | Other | 88 | 105 | |||||||||||
Total | $ | 20,466 | $ | 23,010 | Total | $ | 3,971 | $ | 4,781 | |||||||
Long-term debt | $ | 13,600 | $ | 16,360 | ||||||||||||
Owners equity | ||||||||||||||||
Common stock and paid-in surplus | $ | 37,000 | $ | 37,000 | ||||||||||||
Fixed assets | Accumulated retained earnings | 15,644 | 38,966 | |||||||||||||
Net plant and equipment | $ | 49,749 | $ | 74,097 | Total | $ | 52,644 | $ | 75,966 | |||||||
Total assets | $ | 70,215 | $ | 97,107 | Total liabilities and owners equity | $ | 70,215 | $ | 97,107 | |||||||
SMOLIRA GOLF, INC. 2016 Income Statement | |||||
Sales | $ | 186,970 | |||
Cost of goods sold | 126,003 | ||||
Depreciation | 5,353 | ||||
EBIT | $ | 55,614 | |||
Interest paid | 1,450 | ||||
Taxable income | $ | 54,164 | |||
Taxes | 18,957 | ||||
Net income | $ | 35,207 | |||
Dividends | $ | 11,885 | |||
Retained earnings | 23,322 | ||||
Smolira Golf has 12,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2016 was $75. What is the priceearnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Priceearnings ratio times What is the pricesales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Pricesales ratio times What are the dividends per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Dividends per share $ What is the market-to-book ratio at the end of 2016? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Market-to-book ratio times
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