Reference no: EM132011063
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 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 owners’ 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, and the market price for a share of stock at the end of 2016 was $78.
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 times