Smolira Golf has 12,000 shares of common stock outstanding, and the market price

Question

Smolira Golf has 12,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2014 was $87.

What is the price-earnings ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

What is the price-sales ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

What are the dividends per share? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

What is the market-to-book ratio at the end of 2014? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Explanation / Answer

1)Earning per share=(36143)/12000=$3.01
Price -earnings ratio=87/3.01=28.89

2)Price-sales ratio= (market price per share)/ (sales per share)
=(87)/(189370/12000)
=5.51

3)Dividends per share=12005/12000=$1

4)Mrket to book ratio= market value per share/(Owners equity/no of share)
(87)/(82842/12000)
=12.602

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