rev: 10_04_2017_QC_CS-103920 SMOLIRA GOLF, INC. Balance Sheets as of December 31
ID: 1169889 • Letter: R
Question
rev: 10_04_2017_QC_CS-103920
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
Explanation / Answer
Answer:
Price Earnings Ratio = Market Price / Earning per share
EPS = Net Income / No. of shares = $35441/11000 shares = 3.22
P/E Ratio = 78 / 3.22 = 24.22
Price to Sales Ratio = Market price per share / sales per share
Sales per share = Sales / No. of shares = $187570 / 11000 shares = $17.05
Price to Sales Ratio = $78 / $17.05 = 4.57
Dividend per share = Dividends / No. of shares = $11915/11000 shares = 1.083
Market to Book Ratio = Market Price / Book Value
Book Value per share = Owner's Equity / No. of shares = ( 38500+39185) / 11000 = 77685 / 11000 = $7.06
Market to Book Ratio = $78 / $7.06 = 11.05
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