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Home / Questions / Some recent financial statements for Smolira Golf Inc follow SMOLIRA GOLF INC Balance Shee...

Some recent financial statements for Smolira Golf Inc follow SMOLIRA GOLF INC Balance Sheets as of December 31 2013 and 2014 2013 2014 2013 2014 Assets Liabilities

Some recent financial statements for Smolira Golf, Inc., follow.
SMOLIRA GOLF, INC.
Balance Sheets as of December 31, 2013 and 2014
    2013   2014       2013   2014
Assets   Liabilities and OwnersAc€?c Equity
  Current assets           Current liabilities        
      Cash $ 3,231 $ 3,357      Accounts payable $ 2,148 $ 2,590
      Accounts receivable   4,772   5,791      Notes payable   1,745   2,106
      Inventory   12,458   13,792      Other   89   106
                     
        Total $ 20,461 $ 22,940         Total $ 3,982 $ 4,802
                     
            Long-term debt $ 13,500 $ 16,260
            OwnersAc€?c equity        
               Common stock        
                  and paid-in surplus $ 37,500 $ 37,500
  Fixed assets              Accumulated retained earnings   15,649   39,039
                     
      Net plant and equipment $ 50,170 $ 74,661         Total $ 53,149 $ 76,539
                     
  Total assets $ 70,631 $ 97,601   Total liabilities and ownersAc€?c equity $ 70,631 $ 97,601
                     
 
SMOLIRA GOLF, INC.
2014 Income Statement
  Sales     $ 187,170
  Cost of goods sold       126,103
  Depreciation       5,343
         
  EBIT     $ 55,724
  Interest paid       1,440
          
  Taxable income     $ 54,284
  Taxes       18,999
          
  Net income     $ 35,285
          
     Dividends $ 11,895    
     Retained earnings   23,390    
 

Smolira Golf has 13,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2014 was $76.

Requirement 1:

What is the price-earnings ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

  Price-earnings ratio times
Requirement 2:

What is the price-sales ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

  Price-sales ratio times
Requirement 3:

What are the dividends per share? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

  Dividends per share $   
Requirement 4:

What is the market-to-book ratio at the end of 2014? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

  Market-to-book ratio    times
 

Apr 29 2020 View more View Less

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