Homework Answers
a. The price - earnings ratio :
= Share price/ net income per share
The share price = $91
The EPS = Net income/ number of shares outstanding
= $36,455/ 12,000
= 3.03791
So, the price - earnings ratio :
= $91/ 3.03791
=29.95 ( rounded off to two decimal places)
b. The price - sales ratio :
= share price/ sales per share
Sales per share = total sales / number of shares outstanding
= $190,170/ 12,000
= 15.8475 times
So, price - sales ratio
= $91/ 15.8475
= 5.7422 times
= 5.74 times ( rounded off to two decimal places)
c. Dividends per share :
= $12,045/ 12,000
= 1.00625 times
= 1 times (rounded off to two decimal places)
d. Market to book ratio :
The book ratio is : THE TOTAL OF EQUITY ON THE BALANCE SHEET OF 2019
= $85,134 / 12,000
= 7.0945
= $91/ 7.0945
= 12.827
= 12.83 ( rounded off to two decimal places)
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Current assets Cash Accounts receivable Inventory SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018...
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of...
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2019 2018 2018 2019 Liabilities and Owners' Equity Assets Current assets Current liabilities $ 3,181 $ 3,257 4,762 5,771 12,498 13,772 $ 2,158 $ 2,610 1,755 2,126 Cash Accounts payable Notes payable Accounts receivable Inventory Other 91 108 $ 4,004 $ 4,844 $20,441 $22,800 Total Total Long-term debt Owners' equity $13,300 $16,060 Common stock 38,500 $38,500 $ and paid-in...
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of...
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners’ Equity Current assets Current liabilities Cash $ 3,181 $ 3,257 Accounts payable $ 2,158 $ 2,610 Accounts receivable 4,762 5,771 Notes payable 1,755 2,126 Inventory 12,498 13,772 Other 91 108 Total $ 20,441 $ 22,800 Total $ 4,004 $ 4,844 Long-term debt $ 13,300 $ 16,060 Owners’ equity Common stock and...
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of...
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners’ Equity Current assets Current liabilities Cash $ 3,061 $ 3,057 Accounts payable $ 2,178 $ 2,650 Accounts receivable 4,742 5,731 Notes payable 1,775 2,166 Inventory 12,578 13,732 Other 95 112 Total $ 20,381 $ 22,520 Total $ 4,048 $ 4,928 Long-term debt $ 12,900 $ 15,660 Owners’ equity Common stock and...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018 Balance...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity Assets 2017 2017 2018 2018 Current liabilities Current assets $ 42,632 $34,485 $37,928 $36,712 Cash Accounts payable Accounts Notes payable 17,851 27,856 19,108 16,275 receivable Other Inventory 3,640 42,672 19,954 24,714 $55,976 $108,456 $75,774 Total 83,621 Total $115,500 $174,101 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $55,100 55,100 273,922 315,417 Fixed assets Net plant...
Some recent financial statements for Smolira Golf Corp. follow. 2017 and 2018 Balance Sheets Assets Liabilities...
Some recent financial statements for Smolira Golf Corp. follow. 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash Accounts $39,216 Accounts payable $35,88539.216 29,116 406043,232 $ 39,37243,332 17,325 25,834 18,551 Notes payable Other 20,508 21,214 receivable Inventory Total $58,496111,564 81,09486,491 Total Long-term debt Owners' equity $122,500190,733 Common stock and paid-in $ 56,500 $56,500 surplus Accumulated retained 264,332299,723 earnings Fixed assets Net plant and equipment $465,930$521,883 Total $320,832$356,223 Total liabilities and...
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017...
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 39,492 Accounts payable $ 39,942 29,386 Notes payable 20,808 43,352 Other 21,484 Current assets Cash Accounts receivable Inventory $ 36,185 18,701 4,150 $ 43,482 17,550 26,074 Total $ 59,036 $ 112,230 Total $ 82,234 $ 87,106 Long-term debt $124,000 $ 190,525 $ 56,800 $ 56,800 Owners' equity Common stock and paid-in...
Assets 2014 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014...
Assets 2014 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 Current liabilities $ 24,600 Accounts payable $ 23,684 15,700 Notes payable 14,000 27,600 Other 12,071 2015 Current assets Cash Accounts receivable Inventory $ 24,096 12,948 26,242 $ 27,600 11,300 18,100 Total $ 63,286 $ 67,900 Total $ 49,755 $ 57,000 $ 74,000 $ 82,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 48,000 221,226 $ 48,000 242,000 Fixed assets...
Assets 2017 2018 Current assets Cash Accounts receivable Inventory $ 23,066 13,648 27152 $ 63,866 SMOLIRA...
Assets 2017 2018 Current assets Cash Accounts receivable Inventory $ 23,066 13,648 27152 $ 63,866 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 25,300 Accounts payable $ 24,384 16,400 Notes payable 14,000 28,300 Other 12,771 $ 70,000 Total $ 51,155 Long-term debt $ 81,000 $ 28,300 12,000 19,700 $ 60,000 Total $ 85,703 Owners' equity Common stock and paid-in $ 55,000 surplus Accumulated retained 213.406 earnings $ 55,000 233,297 Fixed assets...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2014 and 2015 Balance...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners’ Equity 2014 2015 2014 2015 Current assets Current liabilities Cash $ 23,066 $ 25,300 Accounts payable $ 24,384 $ 28,300 Accounts receivable 13,648 16,400 Notes payable 14,000 12,000 Inventory 27,152 28,300 Other 12,771 19,700 Total $ 63,866 $ 70,000 Total $ 51,155 $ 60,000 Long-term debt $ 81,000 $ 90,000 Owners’ equity Common stock and paid-in surplus $ 55,000...
2018 2019 Assets Current assets Cash $ 5,298 $ 5,827 Accounts receivable 7,707 9,477 Inventory 12,150...
2018 2019 Assets Current assets Cash $ 5,298 $ 5,827 Accounts receivable 7,707 9,477 Inventory 12,150 22.956 2018 2019 Liabilities and Owners' Equity Current liabilities Accounts payable $ 3,754 $ 5,986 Notes payable 2,045 3,055 Other 152 179 Total $ 25,155 $38,260 Total $ 5,951 $ 9,220 $.22,700 $ 19,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 43,000 $ 43,000 28,805 47189 Fixed assets Net plant and equipment $ 75,301 $ 80,149 Total $...
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2019 2018 2018 2019 Liabilities and Owners' Equity Assets Current assets Current liabilities $ 3,181 $ 3,257 4,762 5,771 12,498 13,772 $ 2,158 $ 2,610 1,755 2,126 Cash Accounts payable Notes payable Accounts receivable Inventory Other 91 108 $ 4,004 $ 4,844 $20,441 $22,800 Total Total Long-term debt Owners' equity $13,300 $16,060 Common stock 38,500 $38,500 $ and paid-in...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity Assets 2017 2017 2018 2018 Current liabilities Current assets $ 42,632 $34,485 $37,928 $36,712 Cash Accounts payable Accounts Notes payable 17,851 27,856 19,108 16,275 receivable Other Inventory 3,640 42,672 19,954 24,714 $55,976 $108,456 $75,774 Total 83,621 Total $115,500 $174,101 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $55,100 55,100 273,922 315,417 Fixed assets Net plant...
Some recent financial statements for Smolira Golf Corp. follow. 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash Accounts $39,216 Accounts payable $35,88539.216 29,116 406043,232 $ 39,37243,332 17,325 25,834 18,551 Notes payable Other 20,508 21,214 receivable Inventory Total $58,496111,564 81,09486,491 Total Long-term debt Owners' equity $122,500190,733 Common stock and paid-in $ 56,500 $56,500 surplus Accumulated retained 264,332299,723 earnings Fixed assets Net plant and equipment $465,930$521,883 Total $320,832$356,223 Total liabilities and...
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 39,492 Accounts payable $ 39,942 29,386 Notes payable 20,808 43,352 Other 21,484 Current assets Cash Accounts receivable Inventory $ 36,185 18,701 4,150 $ 43,482 17,550 26,074 Total $ 59,036 $ 112,230 Total $ 82,234 $ 87,106 Long-term debt $124,000 $ 190,525 $ 56,800 $ 56,800 Owners' equity Common stock and paid-in...
Assets 2014 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 Current liabilities $ 24,600 Accounts payable $ 23,684 15,700 Notes payable 14,000 27,600 Other 12,071 2015 Current assets Cash Accounts receivable Inventory $ 24,096 12,948 26,242 $ 27,600 11,300 18,100 Total $ 63,286 $ 67,900 Total $ 49,755 $ 57,000 $ 74,000 $ 82,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 48,000 221,226 $ 48,000 242,000 Fixed assets...
Assets 2017 2018 Current assets Cash Accounts receivable Inventory $ 23,066 13,648 27152 $ 63,866 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 25,300 Accounts payable $ 24,384 16,400 Notes payable 14,000 28,300 Other 12,771 $ 70,000 Total $ 51,155 Long-term debt $ 81,000 $ 28,300 12,000 19,700 $ 60,000 Total $ 85,703 Owners' equity Common stock and paid-in $ 55,000 surplus Accumulated retained 213.406 earnings $ 55,000 233,297 Fixed assets...
2018 2019 Assets Current assets Cash $ 5,298 $ 5,827 Accounts receivable 7,707 9,477 Inventory 12,150 22.956 2018 2019 Liabilities and Owners' Equity Current liabilities Accounts payable $ 3,754 $ 5,986 Notes payable 2,045 3,055 Other 152 179 Total $ 25,155 $38,260 Total $ 5,951 $ 9,220 $.22,700 $ 19,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 43,000 $ 43,000 28,805 47189 Fixed assets Net plant and equipment $ 75,301 $ 80,149 Total $...
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