Question
Some recent financial statements for Smolira Golf, Incorporated, follow. SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Assets 2021 2022 Liabilities
Some recent financial statements for Smolira Golf, Incorporated, follow. SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Assets 2021 2022 Liabilities and Owners Equity 2021 2022 Current assets Current liabilities Cash $ 3,091 $ 3,107 Accounts payable $ 2,173 $ 2,640 Accounts receivable 4,747 5,741 Notes payable 1,770 2,156 Inventory 12,558 13,742 Other 94 111 Total $ 20,396 $ 22,590 Total $ 4,037 $ 4,907 Long-term debt $ 13,000 $ 15,760 Owners equity Common stock and paid-in surplus $ 40,000 $ 40,000 Fixed assets Accumulated retained earnings 15,674 39,404 Net plant and equipment $ 52,315 $ 77,481 Total $ 55,674 $ 79,404 Total assets $ 72,711 $ 100,071 Total liabilities and owners equity $ 72,71
$ 100,071 |
SMOLIRA GOLF, INCORPORATED | |
---|---|
2022 Income Statement | |
Sales | $ 188,170 |
Cost of goods sold | 126,603 |
Depreciation | 5,293 |
EBIT | $ 56,274 |
Interest paid | 1,390 |
Taxable income | $ 54,884 |
Taxes | 19,209 |
Net income | $ 35,675 |
Dividends | $ 11,945 |
Retained earnings | 23,730 |
Smolira Golf has 10,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2022 was $81.
- What is the price-earnings ratio?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
- What is the price-sales ratio?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
- What are the dividends per share?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
- What is the market-to-book ratio at the end of 2022?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
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