Homework Helper

Not Rated (0)

$17/per page/

About Homework Helper

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Art & Design,Chemistry,Economics,Essay writing Hide all
Teaching Since: Apr 2017
Last Sign in: 451 Weeks Ago, 6 Days Ago
Questions Answered: 3232
Tutorials Posted: 3232

Education

  • MBA,MCS,M.phil
    Devry University
    Jan-2008 - Jan-2011

  • MBA,MCS,M.Phil
    Devry University
    Feb-2000 - Jan-2004

Experience

  • Regional Manager
    Abercrombie & Fitch.
    Mar-2005 - Nov-2010

  • Regional Manager
    Abercrombie & Fitch.
    Jan-2005 - Jan-2008

Category > Business & Finance Posted 25 May 2017 My Price 11.00

Some recent financial statements for Smolira Golf, Inc., follow

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
 

View less »

 

Answers

Homework Helper
Not Rated (0)
Status NEW Posted 25 May 2017 06:05 PM My Price 11.00

Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k Y-----------ou -----------for----------- us-----------ing----------- ou-----------r w-----------ebs-----------ite----------- an-----------d a-----------cqu-----------isi-----------tio-----------n o-----------f m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l

Not Rated(0)