Some recent financlal statements for Smolira Golf, Inc., follow.SMOLIRA GOLF, INC.Balance Sheets as of December 31, 2018 and 20192018201920182019AssetsLlabilitles and Owners' EqultyCurrent assetsCurrent liabilitlesCash$ 3,271 $ 3,457 Accounts payable$ 2,138 $ 2,5705,811Notes payableOtherAccounts recelvable4,78212,4181,7352,086Inventory13,81287104Total$ 20,471 $23.080Total$ 3,960 $ 4760$ 13,700 $16,460Long-term debtOwners' equityCommon stock36,500and pald-in surplus$36.500 SAccumulated retalned38,893Fixed assets15,639earningsNet plant and75,393$49,328 $73,533Total$ 52,139 $equipmentTotal llabilitles and owners'Total assets$69,799 $ 96,613$ 69,799 $96,613equitySMOLIRA GOLF, INC.2019 Income Statement186,770Sales125,903Cost of goods soldDepreclation5,363EBIT$55,5041,460Interest paldTaxable Income$ 54,044Таxes18,915Net Income$ 35,129$ 11,87523,254DividendsRetalned earnings Smolira Golf has 11,000 shares of common stock outstanding, and the market price for ashare of stock at the end of 2019 was $74.a. What Is the price-earnings ratlo? (Do not round Intermedlate calculations and roundyour answer to 2 decimal places, e.g., 32.16.)b. What is the price-sales ratio? (Do not round Intermedlate calculatlons and roundyour answer to 2 decimal places, e.g., 32.16.)c. What are the dividends per share? (Do not round Intermedlate calculations andround your answer to 2 declmal places, e.g., 32.16.)d. What Is the market-to-book ratio at the end of 2019? (Do not round Intermedlatecalculations and round your answer to 2 decimal places, e.g., 32.16.)a. Price-earnings ratiob. Price-sales ratioc. Dividends per shared. Market-to-book ratiotimestimestimes

The question is based on the concept of Accounting Ratios. As per the Bartleby guidelines we are…

Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 Llabilitles and Owners' Equity 2019 Assets Current assets Cash Accounts recelvable Current liabilities $ 3,271 $ 3,457 4,782 5,811 13,812 12,418 Accounts payable Notes payable Other $ 2138 $ 2,570 1,735 87 2,086 104 Inventory Total $ 20,471 $23,08o Total $ 3,960 $ 4,760 $ 13,700 $16,460 Long-term debt Owners' equity Common stock and pald-in surplus $36,500 s 36,500 Accumulated retalned 38,893 Fixed assets 15,639 earnings 75,393 Net plant and equipment $ 52,139 S $49,328 $73,533 Total Total liabilities and owners' Total assets $69,799 $ 96,613 $ 69,799 $96,613 equity

Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 Llabilitles and Owners' Equity 2019 Assets Current assets Cash Accounts recelvable Current liabilities $ 3,271 $ 3,457 4,782 5,811 13,812 12,418 Accounts payable Notes payable Other $ 2138 $ 2,570 1,735 87 2,086 104 Inventory Total $ 20,471 $23,08o Total $ 3,960 $ 4,760 $ 13,700 $16,460 Long-term debt Owners' equity Common stock and pald-in surplus $36,500 s 36,500 Accumulated retalned 38,893 Fixed assets 15,639 earnings 75,393 Net plant and equipment $ 52,139 S $49,328 $73,533 Total Total liabilities and owners' Total assets $69,799 $ 96,613 $ 69,799 $96,613 equity

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 6E: Balance Sheet Baggett Companys balance sheet accounts and amounts as of December 31, 2019, are shown...

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