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 Ownersâ 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 Ownersâ equity Common stock and paid-in surplus $ 38,500 $ 38,500 Fixed assets Accumulated retained earnings 15,659 39,185 Net plant and equipment $ 51,022 $ 75,789 Total $ 54,159 $ 77,685 Total assets $ 71,463 $ 98,589 Total liabilities and ownersâ equity $ 71,463 $ 98,589
SMOLIRA GOLF, INC.
2016 Income Statement Sales $ 187,570 Cost of goods sold 126,303 Depreciation 5,323 EBIT $ 55,944 Interest paid 1,420 Taxable income $ 54,524 Taxes 19,083 Net income $ 35,441 Dividends $ 11,915 Retained earnings 23,526
Smolira Golf has 11,000 shares of common stock outstanding, andthe market price for a share of stock at the end of 2016 was$78.
What is the priceâearnings ratio? (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.)
Priceâearnings ratio times
What is the priceâsales ratio? (Do not round intermediatecalculations and round your answer to 2 decimal places, e.g.,32.16.)
Priceâsales ratio times
What are the dividends per share? (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.)
Dividends per share $
What is the market-to-book ratio at the end of 2016? (Donot round intermediate calculations and round your answer to 2decimal places, e.g., 32.16.)
Market-to-book ratio times
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 Ownersâ 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 | ||||||||||||
| Ownersâ equity | ||||||||||||||||
| Common stock and paid-in surplus | $ | 38,500 | $ | 38,500 | ||||||||||||
| Fixed assets | Accumulated retained earnings | 15,659 | 39,185 | |||||||||||||
| Net plant and equipment | $ | 51,022 | $ | 75,789 | Total | $ | 54,159 | $ | 77,685 | |||||||
| Total assets | $ | 71,463 | $ | 98,589 | Total liabilities and ownersâ equity | $ | 71,463 | $ | 98,589 | |||||||
| SMOLIRA GOLF, INC. 2016 Income Statement | |||||
| Sales | $ | 187,570 | |||
| Cost of goods sold | 126,303 | ||||
| Depreciation | 5,323 | ||||
| EBIT | $ | 55,944 | |||
| Interest paid | 1,420 | ||||
| Taxable income | $ | 54,524 | |||
| Taxes | 19,083 | ||||
| Net income | $ | 35,441 | |||
| Dividends | $ | 11,915 | |||
| Retained earnings | 23,526 | ||||
Smolira Golf has 11,000 shares of common stock outstanding, andthe market price for a share of stock at the end of 2016 was$78.
What is the priceâearnings ratio? (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.)
Priceâearnings ratio times
What is the priceâsales ratio? (Do not round intermediatecalculations and round your answer to 2 decimal places, e.g.,32.16.)
Priceâsales ratio times
What are the dividends per share? (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.)
Dividends per share $
What is the market-to-book ratio at the end of 2016? (Donot round intermediate calculations and round your answer to 2decimal places, e.g., 32.16.)
Market-to-book ratio times
Related questions
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 Ownersâ 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 | ||||||||||||
| Ownersâ equity | ||||||||||||||||
| Common stock and paid-in surplus | $ | 39,500 | $ | 39,500 | ||||||||||||
| Fixed assets | Accumulated retained earnings | 15,669 | 39,331 | |||||||||||||
| Net plant and equipment | $ | 51,884 | $ | 76,917 | Total | $ | 55,169 | $ | 78,831 | |||||||
| Total assets | $ | 72,295 | $ | 99,577 | Total liabilities and ownersâ equity | $ | 72,295 | $ | 99,577 | |||||||
| SMOLIRA GOLF, INC. 2016 Income Statement | ||||||
| Sales | $ | 187,970 | ||||
| Cost of goods sold | 126,503 | |||||
| Depreciation | 5,303 | |||||
| EBIT | $ | 56,164 | ||||
| Interest paid | 1,400 | |||||
| Taxable income | $ | 54,764 | ||||
| Taxes | 19,167 | |||||
| Net income | $ | 35,597 | ||||
| Dividends | $ | 11,935 | ||||
| Retained earnings | 23,662 | |||||
Find the following financial ratios for Smolira Golf (useyear-end figures rather than average values where appropriate):(Do not round intermediate calculations and round youranswers to 2 decimal places, e.g., 32.16. Enter the profitabilityratios as a percent.)
| 2015 | 2016 | |||||
| Short-term solvency ratios | ||||||
| a. | Current ratio | times | times | |||
| b. | Quick ratio | times | times | |||
| c. | Cash ratio | times | times | |||
| Asset utilization ratios | ||||||
| d. | Total asset turnover | times | ||||
| e. | Inventory turnover | times | ||||
| f. | Receivables turnover | times | ||||
| Long-term solvency ratios | ||||||
| g. | Total debt ratio | times | times | |||
| h. | Debtâequity ratio | times | times | |||
| i. | Equity multiplier | times | times | |||
| j. | Times interest earned ratio | times | ||||
| k. | Cash coverage ratio | times | ||||
| Profitability ratios | ||||||
| l. | Profit margin | % | ||||
| m. | Return on assets | % | ||||
| n. | Return on equity | % | ||||
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 Ownersâ 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 | ||||||||||||
| Ownersâ equity | ||||||||||||||||
| Common stock and paid-in surplus | $ | 39,500 | $ | 39,500 | ||||||||||||
| Fixed assets | Accumulated retained earnings | 15,669 | 39,331 | |||||||||||||
| Net plant and equipment | $ | 51,884 | $ | 76,917 | Total | $ | 55,169 | $ | 78,831 | |||||||
| Total assets | $ | 72,295 | $ | 99,577 | Total liabilities and ownersâ equity | $ | 72,295 | $ | 99,577 | |||||||
| SMOLIRA GOLF, INC. 2016 Income Statement | ||||||
| Sales | $ | 187,970 | ||||
| Cost of goods sold | 126,503 | |||||
| Depreciation | 5,303 | |||||
| EBIT | $ | 56,164 | ||||
| Interest paid | 1,400 | |||||
| Taxable income | $ | 54,764 | ||||
| Taxes | 19,167 | |||||
| Net income | $ | 35,597 | ||||
| Dividends | $ | 11,935 | ||||
| Retained earnings | 23,662 | |||||
Find the following financial ratios for Smolira Golf (useyear-end figures rather than average values where appropriate):(Do not round intermediate calculations and round youranswers to 2 decimal places, e.g., 32.16. Enter the profitabilityratios as a percent.)
| 2015 | 2016 | |||||
| Short-term solvency ratios | ||||||
| a. | Current ratio | times | times | |||
| b. | Quick ratio | times | times | |||
| c. | Cash ratio | times | times | |||
| Asset utilization ratios | ||||||
| d. | Total asset turnover | times | ||||
| e. | Inventory turnover | times | ||||
| f. | Receivables turnover | times | ||||
| Long-term solvency ratios | ||||||
| g. | Total debt ratio | times | times | |||
| h. | Debtâequity ratio | times | times | |||
| i. | Equity multiplier | times | times | |||
| j. | Times interest earned ratio | times | ||||
| k. | Cash coverage ratio | times | ||||
| Profitability ratios | ||||||
| l. | Profit margin | % | ||||
| m. | Return on assets | % | ||||
| n. | Return on equity | % | ||||
PLEASE DO F-N
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 Ownersâ Equity | |||||||||||||||
| Current assets | Current liabilities | |||||||||||||||
| Cash | $ | 2,881 | $ | 2,757 | Accounts payable | $ | 2,208 | $ | 2,710 | |||||||
| Accounts receivable | 4,712 | 5,671 | Notes payable | 1,805 | 2,226 | |||||||||||
| Inventory | 12,698 | 13,672 | Other | 101 | 118 | |||||||||||
| Total | $ | 20,291 | $ | 22,100 | Total | $ | 4,114 | $ | 5,054 | |||||||
| Long-term debt | $ | 14,400 | $ | 17,160 | ||||||||||||
| Ownersâ equity | ||||||||||||||||
| Common stock and paid-in surplus | $ | 43,500 | $ | 43,500 | ||||||||||||
| Fixed assets | Accumulated retained earnings | 15,709 | 39,915 | |||||||||||||
| Net plant and equipment | $ | 57,432 | $ | 83,529 | Total | $ | 59,209 | $ | 83,415 | |||||||
| Total assets | $ | 77,723 | $ | 105,629 | Total liabilities and ownersâ equity | $ | 77,723 | $ | 105,629 | |||||||
| SMOLIRA GOLF, INC. 2016 Income Statement | ||||||
| Sales | $ | 189,570 | ||||
| Cost of goods sold | 127,303 | |||||
| Depreciation | 5,223 | |||||
| EBIT | $ | 57,044 | ||||
| Interest paid | 1,320 | |||||
| Taxable income | $ | 55,724 | ||||
| Taxes | 19,503 | |||||
| Net income | $ | 36,221 | ||||
| Dividends | $ | 12,015 | ||||
| Retained earnings | 24,206 | |||||
Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent.)
| 2015 | 2016 | |||||
| Short-term solvency ratios | ||||||
| a. | Current ratio | times | times | |||
| b. | Quick ratio | times | times | |||
| c. | Cash ratio | times | times | |||
| Asset utilization ratios | ||||||
| d. | Total asset turnover | times | ||||
| e. | Inventory turnover | times | ||||
| f. | Receivables turnover | times | ||||
| Long-term solvency ratios | ||||||
| g. | Total debt ratio | times | times | |||
| h. | Debtâequity ratio | times | times | |||
| i. | Equity multiplier | times | times | |||
| j. | Times interest earned ratio | times | ||||
| k. | Cash coverage ratio | times | ||||
| Profitability ratios | ||||||
| l. | Profit margin | % | ||||
| m. | Return on assets | % | ||||
| n. | Return on equity | % | ||||
