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What is the 2017 price/earnings ratio? Along with the price/cash flow ratio? And market/book ratio? I am comparing the answers along mine to make sure
What is the 2017 price/earnings ratio? Along with the price/cash flow ratio? And market/book ratio? I am comparing the answers along mine to make sure calculated it correctly.
Balance Sheets 2015 2016 2017E Assets Cash $ 9,000 $ 7,282 14,000 Short-term investments 48,600 20,000 71,632 Accounts receivable 351,200 632,160 878,000 Inventories 715,200 1,287,360 1,716,480 Total current assets $1,124,000 $1,946,802 $2,680,112 Gross fixed assets 491,000 1,202,950 1,220,000 Less: Accumulated depreciation 146,200 263,160 939,790 $2,886,592 383,160 $ 836,840 $ 344,800 Net fixed assets Total assets $1,468,800 $3,516,952 Liabilities and Equity Accounts payable Notes payable 2015 2017E 2016 145,600 324,000 359,800 200,000 720,000 300,000 Accruals 136,000 284,960 380,000 Total current liabilities $481,600 $1,039,800 $1,328,960 Long-term debt Common stock (100,000 shares) 323,432 1,000,000 500,000 460,000 460,000 1,680,936 Retained earnings Total equity Total liabilities and equity 97,632 203,768 296,216 $663,768 $1,468,800 557,632 $1,977,152 $2,886,592 $3,516,952 Income Statements 2015 2017E 2016 Sales $3,432,000 $5,834,400 $7,035,600 Cost of goods sold except depr Depreciation and amortization Other expenses Total operating costs 2,864,000 4,980,000 5,800,000 120,000 18,900 116,960 340,000 720,000 $5,816,960 612,960 $3,222,900 $6,532,960 EBIT 502,640 209,100 17,440 Interest expense Pre-tax earnings Taxes (40% 176,000 ($ 158,560) (63,424) ($ 95,136) 62,500 80,000 146,600 422,640 58,640 169,056 $ 253,584 Net income $ 87,960 Other Data 2015 2016 2017E Stock price Shares outstanding $8.50 $6.00 $12.17 100,000 100,000 250,000 EPS $0.880 $0.951 $1.014 DPS $0.220 $0.110 $0.220 Tax rate 40% 40% 40% Book value per share Lease payments Note: "E" denotes "estimated"; the 2017 data are forecasts $6.638 $5.576 $7.909 $40,000 $40,000 $40,000 Ratio Analysis Industry Average 2016 2015 2017E Current 2.3 1.5 2.7 Quick 0.5 1.0 0.8 Inventory turnover Days sales outstanding 4.0 4.0 6.1 39.6 37.3 32.0 Fixed assets turnover 6.2 10.0 7.0 Total assets turnover 2.3 2.0 2.5 Debt ratio 35.6% 59.6% 32.0% Liabilities-to-assets ratio 54.8% 80.7% 50.0% TIE 3.3 0.1 6.2 EBITDA coverage 2.6 0.8 8.0 Profit margin 2.6% -1.6% 3.6% Basic earning power 14.2% 0.6% 17.8% ROA -3.3% 9.0% 6.0% -17.1 % ROE 13.3% 17.9% Price/Earnings (P/E) Price/Cash flow 9.7 -6.3 16.2 8.0 27.5 7.6 Market/Book 1.3 1.1 2.9Step by Step Solution
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