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Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019
Some recent financial statements for Smolira Golf, Inc., follow. |
SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 | ||||||||||
2018 | 2019 | 2018 | 2019 | |||||||
Assets | Liabilities and Owners Equity | |||||||||
Current assets | Current liabilities | |||||||||
Cash | $ | 2,851 | $ | 2,707 | Accounts payable | $ | 2,213 | $ | 2,720 | |
Accounts receivable | 4,707 | 5,661 | Notes payable | 1,810 | 2,236 | |||||
Inventory | 12,718 | 13,662 | Other | 102 | 119 | |||||
Total | $ | 20,276 | $ | 22,030 | Total | $ | 4,125 | $ | 5,075 | |
Long-term debt | $ | 14,500 | $ | 17,260 | ||||||
Owners equity | ||||||||||
Common stock | ||||||||||
and paid-in surplus | $ | 44,000 | $ | 44,000 | ||||||
Fixed assets | Accumulated retained earnings | 15,714 | 39,988 | |||||||
Net plant and equipment | $ | 58,063 | $ | 84,293 | Total | $ | 59,714 | $ | 83,988 | |
Total assets | $ | 78,339 | $ | 106,323 | Total liabilities and owners equity | $ | 78,339 | $ | 106,323 | |
SMOLIRA GOLF, INC. 2019 Income Statement | ||||
Sales | $ | 189,770 | ||
Cost of goods sold | 127,403 | |||
Depreciation | 5,213 | |||
EBIT | $ | 57,154 | ||
Interest paid | 1,310 | |||
Taxable income | $ | 55,844 | ||
Taxes | 19,545 | |||
Net income | $ | 36,299 | ||
Dividends | $ | 12,025 | ||
Retained earnings | 24,274 | |||
Smolira Golf has 10,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2019 was $89. | |
a. | What is the price-earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
b. | What is the price-sales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
c. | What are the dividends per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
d. | What is the market-to-book ratio at the end of 2019? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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