Some recent financial statements for smolira golf, inc., follow.
smolira golf, inc.
balance sheets as of december 31, 2009 and 2010
2009 2010 2009 2010
assets liabilities and owners’ equity
current assets current liabilities
cash $ 2,791 $ 2,607 accounts payable $ 2,223 $ 2,740
accounts receivable 4,697 5,641 notes payable 1,820 2,256
inventory 12,758 13,642 other 104 121
total $ 20,246 $ 21,890 total $ 4,147 $ 5,117
long-term debt $ 14,700 $ 17,460
owners’ equity
common stock
and paid-in surplus $ 45,000 $ 45,000
fixed assets accumulated retained earnings 15,724 40,134
net plant and equipment 59,325 85,821 total $ 60,724 $ 85,134
total assets $ 79,571 $ 107,711 total liabilities and owners’ equity $ 79,571 $ 107,711
smolira golf, inc.
2010 income statement
sales $ 190,170
cost of goods sold 127,603
depreciation 5,193
ebit $ 57,374
interest paid 1,290
taxable income $ 56,084
taxes 19,629
net income $ 36,455
dividends $ 12,045
retained earnings 24,410
smolira golf has 12,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2010 was $91.
requirement 1:
what is the price-earnings ratio? (round your answer to 2 decimal places (e. g., 32.
price-earnings ratio
requirement 2:
what is the price-sales ratio? (round your answer to 2 decimal places (e. g., 32.
price-sales ratio
requirement 3:
what are the dividends per share? (do not include the dollar sign ($). round your answer to 2 decimal places (e. g., 32.
dividends per share $
requirement 4:
what is the market-to-book ratio at the end of 2010? (round your answer to 2 decimal places (e. g., 32.