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Use the below information to answer the following question. Income Statement For the Year Net sales $827,500 COGS 611,800 Depreciation 23,100 EBIT $192,600 Interest 9,700
Use the below information to answer the following question. |
Income Statement | |
For the Year | |
Net sales | $827,500 |
COGS | 611,800 |
Depreciation | 23,100 |
EBIT | $192,600 |
Interest | 9,700 |
Taxable income | $182,900 |
Taxes | 6,200 |
Net income | $176,700 |
Balance Sheet | ||
Beginning of Year | End of Year | |
Cash | $ 38,200 | $43,700 |
Accounts receivable | 91,400 | 86,150 |
Inventory | 203,900 | 214,600 |
Net fixed assets | 516,100 | 537,950 |
Total assets | $849,600 | $882,400 |
Accounts payable | $136,100 | $104,300 |
Long-term debt | 329,500 | 298,200 |
Common stock ($1 par value) | 75,000 | 82,000 |
Retained earnings | 309,000 | 397,900 |
Total Liab. & Equity | $849,600 | $882,400 |
What is the price-sales ratio if the market price is $43.20 per share? (Use end-of-year values) |
2.43 |
3.92 |
3.67 |
4.28 |
4.51 |
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