You are given the following information for Smashville, Inc. Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: $164,000 $ 1,200 $318,000 $ 71,000 $ 7,400 $ 3,200 35% Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: $ 42,000 $ 21,000 $ 102,000 $ 36,000 $150,000 $ 11,000 $ 32,000 $ 64,000 During the year, Smashville, Inc., had 17,000 shares of stock outstanding and depreciation expense of $15,000. Calculate the book value per share, earnings per share, and cash flow per share. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Answer is not complete. I Book value per share $ 4.94 < Prev 4 of 10 Next >

You are given the following information for Smashville, Inc. Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: $164,000 $ 1,200 $318,000 $ 71,000 $ 7,400 $ 3,200 35% Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: $ 42,000 $ 21,000 $ 102,000 $ 36,000 $150,000 $ 11,000 $ 32,000 $ 64,000 During the year, Smashville, Inc., had 17,000 shares of stock outstanding and depreciation expense of $15,000. Calculate the book value per share, earnings per share, and cash flow per share. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Answer is not complete. I Book value per share $ 4.94 < Prev 4 of 10 Next >

Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...

See similar textbooks

Similar questions

You are given the following information for Smashville, Incorporated. Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: Current liabilities: Cash: $ 184,000 $ 1,600 $ 387,000 $ 88,000 $ 7,400 $ 6,000 21% $ 12,000 $ 21,000 Long-term debt: $ 32,000 $ 40,000 Other assets: Fixed assets: Other liabilities: Investments: Operating assets: $ 125,000 $ 5,000 $ 36,000 $ 64,000 During the year, Smashville, Incorporated, had 17,000 shares of stock outstanding and depreciation expense of $19,000. At the end of the year, Smashville stock sold for $42 per share. Calculate the price-book ratio, price-earnings ratio, and price-cash flow ratio. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Answer is not complete. Price-book ratio Price-earnings ratio Price-cash flow ratio 15.19
Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: $ 200,000 $ 2,700 $333,000 $ 47,000 $ 7,400 $ 16,000 Price-book ratio Price-earnings ratio Price-cash flow ratio 21% $ 26,000 $ 21,000 $ 21,000 $ 43,000 $ 159,000 $ 5,000 $ 47,000 $ 39,000 During the year, Smashville, Incorporated, had 17,000 shares of stock outstanding and depreciation expense of $19,000. At the end of the year, Smashville stock sold for $56 per share. Calculate the price-book ratio, price-earnings ratio, and price-cash flow ratio. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. 3.70
You are given the following information for Smashville, Incorporated. $ 229,000 Cost of goods sold: Investment income: Net sales: $ 2,500 Operating expense: Interest expense: Dividends: Tax rate: Current liabilities: Cash: Long-tere debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: $ 374,000 $82,000 $7,400 $9,000 Book value per share Eamings per share Cash flow per share 21X $ 18,000 $ 21,000 $ 23,000 $ 41,000 $ 166,000 $ 5,000 $ 45,000 $ 37,000 During the year, Smashville, Incorporated, had 17,000 shares of stock outstanding and depreciation expense of $15,000, Calculate the book value per share, earnings per share, and cash flow per share. Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
You are given the following information for Smashville, Inc. Cost of goods sold: $259,000 Investment income: $3,100 Net sales: $402,000 Operating expense: $94,000 Interest expense: $7,400 Dividends: $11,000 Tax rate: 21 % Current liabilities: $20,000 Cash: $21,000 Long-term debt: $7,000 Other assets: $39,000 Fixed assets: $134,000 Other liabilities: $5,000 Investments: $15,000 Operating assets: $26,000 During the year, Smashville, Inc., had 17,000 shares of stock outstanding and depreciation expense of $15,000. Calculate the book value per share, earnings per share, and cash flow per share
Consider the following income statement: Sales Costs $ 602,184 391,776 Depreciation 89,100 Taxes Calculate the EBIT. EBIT 21% Calculate the net income. Net income
You are given the following information for Smashville, Inc. Cost of goods sold: $175,000 Investment income: $2,800 Net sales: $237,000 Operating expense: $42,000 Interest expense: $7,400 Dividends: $10,000 Tax rate: 21 % Current liabilities: $18,000 Cash: $21,000 Long-term debt: $10,000 Other assets: $36,000 Fixed assets: $89,000 Other liabilities: $5,000 Investments: $12,000 Operating assets: $24,000 During the year, Smashville, Inc., had 5,000 shares of stock outstanding and depreciation expense of $20,000. At the end of the year, Smashville stock sold for $57 per share. Calculate the price-book ratio, price-earnings ratio, and price-cash flow ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Given the following information: $8 million $10 million $7 million $3 million Average Inventory: $6 million Average A/R: Average Fixed Assets: Accounts Payables:$4 million Revenues: $2 million Liabilities: Total Expenses: Cost of Goods Sold: $10 million Assume no other assets or liabilities exist beyond what is articulated above. a. Compute Net Profit Margin b. Compute Total Asset Turnover c. Compute Return on Equity (ROE) d. Compute Inventory Turnover e. How much equity would have to be swapped out for debt to increase ROE by 1% assuming that nothing else changes? f. What is the firm's sustainable growth rate if dividends are equal to $0.5 million?
Use the following information to construct an income statement. Interest Expense Cost of Goods Sold Other Operating Expenses $350,196 $11,519,888 $244,807 Sales Depreciation Expense Flat Tax Rate $19,244,808 $467,723 21% What was the firms Net Profit Margin? (answer in decimal form and round to three decimal places; 7.6% = .076)
Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total Total assets Fixed assets Net plant and equipment $336,695 Sales Cost of goods sold Depreciation Taxable income Taxes (22%) Net income SMOLIRA GOLF CORPORATION 2021 Income Statement Earnings before interest and taxes Interest paid Dividends Retained earnings a. Current ratio b. Quick ratio c. Cash ratio Short-term solvency ratios: Asset utilization ratios: d. Total asset turnover e. Inventory tumover 1. Receivables turnover 2020 $23,066 $25,300 13,648 16,400 27,152 28,300 $63,866 $70,000 g. Total debt ratio h. Debt-equity ratio I. Equity multiplier Long-term solvency ratios: Times Interest emned K Cash coverage ratio Profitability ratios: SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 $ 400,561 $ 434,000 1. Profit margin m. Return on assels n. Return on equity $ 364,000 $ 22,000 19,891 Find the following financial ratios for Smolira Golf…
Edison Company reported the following for the current year: $ 84,000 59,000 21,080 63,000 77,080 Net sales Cost of goods sold Net income Beginning balance of total assets Ending balance of total assets Compute (a) profit margin and (b) return on total assets. Complete this question by entering your answers in the tabs below. Profit Margin Ratio Compute the return on total assets. Return On Total Assets Numerator: 7 7 7 Return On Total Assets Denominator: = Return On Total Assets Return on total assets II =
Provide answer the accounting question
Give answer with explanation