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Thank you for your aid with this problem. I can't figure out the location of my mistake. Problem 19-5 Price Ratios (LO3, CFA6) You are
Thank you for your aid with this problem. I can't figure out the location of my mistake.
Problem 19-5 Price Ratios (LO3, CFA6) You are given the following information for Smashville, Inc. Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets! $209,000 $2,100 $392,000 $90,000 $7,400 $14,000 21% $22,000 $21,000 $27,000 $37,000 $128,000 $5,000 $41,000 $35,000 During the year. Smashville, Inc.. had 17,000 shares of stock outstanding and depreciation expense of $13,000. At the end of the year, Smashville stock sold for $47 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.) Step by Step Solution
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