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What is the price-sales ratio for 2009 if the market price is $18.49 per share? What is the cash coverage ratio for 2009? What is
- What is the price-sales ratio for 2009 if the market price is $18.49 per share?
- What is the cash coverage ratio for 2009?
- What is the return on equity? (Use 2009 values)
.5 Galaxy United, Inc. 2009 Income Statement Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable income Less: Taxes Net income $627,800 521,400 11,200 95,200 10,100 $85,100 28,900 $56,200 t Galaxy United, Inc. 2008 and 2009 Balance Sheets 2008 2009 Cash $17,000 $24,700 Accounts payable Accounts rec. 54,100 56,700 Long-term debt Inventory 189,400 186,700 Common stock* Sub-total $260,500 $268,100 Retained earnings Net fixed assets 261,300 279,400 Total $521,800 $547,500 Total 2008 2009 $128,600 $134,700 147,500 141,000 125,000 140,000 120,700 131,800 $521,800 $547,500 * The par value of the common stock is $1 per share
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