Question
You are given the following information for Smashville, Incorporated. {:[ Cost of goods sold: ,$224,000],[ Investment income: ,$2,400],[ Net sales: ,$389,000],[ Operating expense: ,$90,000],[ Interest
You are given the following information for Smashville, Incorporated. {:[" Cost of goods sold: ",$224","000],[" Investment income: ",$2","400],[" Net sales: ",$389","000],[" Operating expense: ",$90","000],[" Interest expense: ",$7","400],[" Dividends: ",$15","000],[" Tax rate: ",],[,$24","000],[" Current liabilities: ",$21","000],[" Cash: ",$24","000],[" Long-term debt: ",$40","000],[" Other assets: ",$136","000],[" Fixed assets: ",$5","000],[" Other liabilities: ",$44","000],[" Investments: ",$37","000],[" Operating assets: ",$2]:} During the year, Smashville, Incorporated, had 17,000 shares of stock outstanding and depreciation expense of $16,000. At the end of the year, Smashville stock sold for $53 per share. Calculate the price-book ratio, price-earnings ratioand price cash flow ratio
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