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.)
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.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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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
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