Some recent financial statements for Smolira Golf, Inc.,
follow.
SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 |
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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 paid-in surplus | $ | 40,500 | $ | 40,500 | ||||||||||||
Fixed assets | Accumulated retained earnings | 15,679 | 39,477 | |||||||||||||
Net plant and equipment | $ | 52,746 | $ | 78,045 | Total | $ | 56,179 | $ | 79,977 | |||||||
Total assets | $ | 73,127 | $ | 100,565 | Total liabilities and owners’ equity | $ | 73,127 | $ | 100,565 | |||||||
SMOLIRA GOLF, INC. 2016 Income Statement |
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Sales | $ | 188,370 | |||
Cost of goods sold | 126,703 | ||||
Depreciation | 5,283 | ||||
EBIT | $ | 56,384 | |||
Interest paid | 1,380 | ||||
Taxable income | $ | 55,004 | |||
Taxes | 19,251 | ||||
Net income | $ | 35,753 | |||
Dividends | $ | 11,955 | |||
Retained earnings | 23,798 | ||||
Smolira Golf has 11,000 shares of common stock outstanding, and
the market price for a share of stock at the end of 2016 was
$82.
What is the price–earnings ratio? (Do not round
intermediate calculations and round your answer to 2 decimal
places, e.g., 32.16.)
Price–earnings ratio
times
What is the price–sales ratio? (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g.,
32.16.)
Price–sales ratio
times
What are the dividends per share? (Do not round
intermediate calculations and round your answer to 2 decimal
places, e.g., 32.16.)
Dividends per share
$
What is the market-to-book ratio at the end of 2016? (Do
not round intermediate calculations and round your answer to 2
decimal places, e.g., 32.16.)
Market-to-book ratio
Price–earnings ratio | Market price per share/Earnings per share | $ 25.23 | =82/(35753/11000) |
Price–sales ratio | Market price per share/Sales per share | $ 4.79 | =82/(188370/11000) |
Dividends per share | Dividends paid/Number of shares | $ 1.09 | =11955/11000 |
Market-to-book ratio | Market price per share/Book value per share | $ 11.28 | =82/(79977/11000) |
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 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 December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Cash Accounts receivable Inventory Total $ 2,911 4,717 12,678 $20,306 $ 2,807 5,681 13,682 $ 22,170 Current liabilities Accounts payable Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ 2,203 1,800 100 $ 4,103...
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...
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 $ 3,121 $ 3,157 Accounts payable $ 2,168 $ 2,630 Accounts receivable 4,752 5,751 Notes payable 1,765 2,146 Inventory 12,538 13,752 Other 93 110 Total $ 20,411 $ 22,660 Total $ 4,026 $ 4,886 Long-term debt $ 13,100 $ 15,860 Owners’ equity Common stock and...
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 $ 3,121 $ 3,157 Accounts payable $ 2,168 $ 2,630 Accounts receivable 4,752 5,751 Notes payable 1,765 2,146 Inventory 12,538 13,752 Other 93 110 Total $ 20,411 $ 22,660 Total $ 4,026 $ 4,886 Long-term debt $ 13,100 $ 15,860 Owners’ equity Common stock and...
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 Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable Inventory 3,151 3,207 5,761 13.762 $20,426 $22,730 Accounts payable Notes payable Other 5 2,163 2,620 2.136 109 4,015 $ 4,865 $13,200 $15,960 4.757 12,518 1,760 92 Total Long-term debt Owners' equity Total Common stock and paid-in surplus Accumulated retained earnings $39,000 $39.000 39,258 $54,664...
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 $ 3,121 $ 3,157 Accounts payable $ 2,168 $ 2,630 Accounts receivable 4,752 5,751 Notes payable 1,765 2,146 Inventory 12,538 13,752 Other 93 110 Total $ 20,411 $ 22,660 Total $ 4,026 $ 4,886 Long-term debt $ 13,100 $ 15,860 Owners’ equity Common stock and...
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...