Question

Some recent financial statements for Smolira Golf Corp. follow Assets 2018 2017 $ Current assets Cash Accounts receivable Inv
SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $360,968 262,500 29,200 Earnings before intere
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Tobin's Q = market value of firm / book value of total assets

market value of firm = price per share * shares outstanding = $30 * 40,000 = $1,200,000

book value of total assets is seen in the balance sheet to be $437,000

Tobin's Q = $1,200,000 / $437,000

Tobin's Q = 2.75

Add a comment
Know the answer?
Add Answer to:
Some recent financial statements for Smolira Golf Corp. follow Assets 2018 2017 $ Current assets Cash...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Some recent financial statements for Smolira Golf Corp. follow.    SMOLIRA GOLF CORP. 2017 and 2018...

    Some recent financial statements for Smolira Golf Corp. follow.    SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017 2018   Current assets   Current liabilities       Cash $ 24,246 $ 26,100       Accounts payable $ 25,184 $ 29,100       Accounts receivable 14,448 17,200       Notes payable 20,000 12,800       Inventory 27,992 29,100       Other 13,571 18,100         Total $ 66,686 $ 72,400         Total $ 58,755 $ 60,000   Long-term debt $ 89,000 $ 103,648   Owners’ equity       Common stock and paid-in surplus $...

  • Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts...

    Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory $ 24,076 12,748 25,742 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 24,400 Accounts payable $ 23,484 15,500 Notes payable 13,000 2 7,400 Other 11,871 $ 67,300 Total $ 48,355 Long-term debt $ 72,000 $ 27,400 11,100 17,500 Total $ 62,566 $ 56,000 $ 85,616 Owners' equity Common stock and paid-in surplus Accumulated...

  • Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts...

    Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 39,400 Accounts payable $ 39,752 29,296 Notes payable 20,708 43,312 Other 21,394 $ 36,085 18,651 4,120 20 $ 43,432 17,475 25,994 Total $ 58,856 $ 112,008 Total $ 81,854 $ 86,901 Long-term debt $ 123,500 $ 187,898 $ 56,700 Owners' equity Common stock and paid-in...

  • Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts...

    Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory Total $ 34,685 17.951 3,700 $ 42,732 16.425 24,874 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 38,112 Accounts payable $ 37,092 28,036 Notes payable 19.308 42,752 Other 20,134 $ 108,900 Total $ 76,534 Long-term debt $ 116.500 Owners' equity Common stock and paid-in surplus $ 55,300 Accumulated retained earnings 272,552 $ 56,336...

  • Some recent financial statements for Smolira Golf Corp. follow.    SMOLIRA GOLF CORP. 2017 and 2018...

    Some recent financial statements for Smolira Golf Corp. follow.    SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017 2018   Current assets   Current liabilities       Cash $ 34,785 $ 38,204       Accounts payable $ 37,282 $ 42,782       Accounts receivable 18,001 28,126       Notes payable 19,408 16,500       Inventory 3,730 42,792       Other 20,224 24,954         Total $ 56,516 $ 109,122         Total $ 76,914 $ 84,236   Long-term debt $ 117,000 $ 182,015   Owners’ equity       Common stock and paid-in surplus $...

  • 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...

  • 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 Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 24,056 24,200 15,300 27,200 $ 62,196 $66,700 $ 23,284 $ 27,200 10,900 15,900 $ 46,955 54,000 90,000 93,294 Accounts Inventory Total Accounts payable Notes payable Other 12,548 12,000 receivable 25,592 11,671 Total Long-term debt Owners' equity Common stock and paid-in $42,000 42,000 surplus Accumulated retained 208,936 242,706 earnings...

  • 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 Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 24,056 24,200 15,300 27,200 $ 62,196 $66,700 $ 23,284 $ 27,200 10,900 15,900 $ 46,955 54,000 90,000 93,294 Accounts Inventory Total Accounts payable Notes payable Other 12,548 12,000 receivable 25,592 11,671 Total Long-term debt Owners' equity Common stock and paid-in $42,000 42,000 surplus Accumulated retained 208,936 242,706 earnings...

  • 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 Current assets Current liabilities Cash Accounts receivable Inventory $ 24,236 14,348 27,892 $ 26,000 17,100 29,000 Accounts payable Notes payable Other $ 25,084 19,000 13,471 $ 29,000 12,700 18,300 Total $ 66,476 $ 72,100 Total 57,555 $ 60,000 $ 88,000 $ 99,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings 45,000...

  • 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...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT