Question
You are given the following information for Smashville, Inc. Cost of goods sold: $ 259,000 Investment income: $ 3,100 Net sales: $ 402,000 Operating expense:
You are given the following information for Smashville, Inc.
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Cost of goods sold: | $ | 259,000 |
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Investment income: | $ | 3,100 |
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Net sales: | $ | 402,000 |
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Operating expense: | $ | 94,000 |
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Interest expense: | $ | 7,400 |
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Dividends: | $ | 11,000 |
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Tax rate: |
| 30 | % |
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Current liabilities: | $ | 20,000 |
Cash: | $ | 21,000 |
Long-term debt: | $ | 7,000 |
Other assets: | $ | 39,000 |
Fixed assets: | $ | 134,000 |
Other liabilities: | $ | 5,000 |
Investments: | $ | 15,000 |
Operating assets: | $ | 26,000 |
During the year, Smashville, Inc., had 17,000 shares of stock outstanding and depreciation expense of $17,000. At the end of the year, Smashville stock sold for $65 per share. Calculate the price-book ratio, price-earnings ratio, and the price-cash flow ratio.
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