Some recent financial statements for Smolira Golf, Inc., follow. ...
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Accounting
Some recent financial statements for Smolira Golf, Inc., follow. |
SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 | ||||||||||
2018 | 2019 | 2018 | 2019 | |||||||
Assets | Liabilities and Owners Equity | |||||||||
Current assets | Current liabilities | |||||||||
Cash | $ | 3,211 | $ | 3,307 | Accounts payable | $ | 2,153 | $ | 2,600 | |
Accounts receivable | 4,767 | 5,781 | Notes payable | 1,750 | 2,116 | |||||
Inventory | 12,478 | 13,782 | Other | 90 | 107 | |||||
Total | $ | 20,456 | $ | 22,870 | Total | $ | 3,993 | $ | 4,823 | |
Long-term debt | $ | 13,400 | $ | 16,160 | ||||||
Owners equity | ||||||||||
Common stock | ||||||||||
and paid-in surplus | $ | 38,000 | $ | 38,000 | ||||||
Fixed assets | Accumulated retained earnings | 15,654 | 39,112 | |||||||
Net plant and equipment | $ | 50,591 | $ | 75,225 | Total | $ | 53,654 | $ | 77,112 | |
Total assets | $ | 71,047 | $ | 98,095 | Total liabilities and owners equity | $ | 71,047 | $ | 98,095 | |
SMOLIRA GOLF, INC. 2019 Income Statement | ||||
Sales | $ | 187,370 | ||
Cost of goods sold | 126,203 | |||
Depreciation | 5,333 | |||
EBIT | $ | 55,834 | ||
Interest paid | 1,430 | |||
Taxable income | $ | 54,404 | ||
Taxes | 19,041 | |||
Net income | $ | 35,363 | ||
Dividends | $ | 11,905 | ||
Retained earnings | 23,458 | |||
Smolira Golf has 10,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2019 was $77. | |
a. | What is the price-earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
b. | What is the price-sales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
c. | What are the dividends per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
d. | What is the market-to-book ratio at the end of 2019? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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