70.2K

Verified Solution

Link Copied!

solve for these ratios for 2018 and 2019

solve/calculate all of the formulas listed in the formula sheet

market price per share $0.18

Fixed asset turnover Sales Net fixed assets Sales Total assets Total asset turnover = Pricc-earnings ratio = Price per share Earnings per share Price-earnings ratio PEG ratio = Earnings growth rate (%) Price-sales ratio Price per share Sales per share Market-to-book-ratio Market value per share Book value per share Tobin's Q ratio Market value of assets Replacement cost of assets Enterprise value-EBITDA ratio Enterprise value EBITDA JONES SODA CO. CONSOLIDATED STATEMENTS OF CASH FLOWS Year Ended December 31, 2019 2018 (In thousands) (2.778) S (2,079) 316 141 4 (36) 123 178 33 (202) (430) (30) (197) 190 (107 (25) 114 108 (2) (508) 139 11 (7) (3,344) (1,704) OPERATING ACTIVITIES: Net loss Adjustments to reconcile net loss to net cash used in operating activities: Gain on insurance claim Depreciation and amortization Stock-based compensation Change in allowance for doubtful accounts Changes in operating assets and liabilities: Accounts receivable Inventory Prepaid expenses and other current assets Other assets Accounts payable Accrued expenses Taxes payable Other liabilities Net cash used in operating activities INVESTING ACTIVITIES: Proceeds from insurance claimon property damge Purchase of fixed assets Net cash used in investing activities FINANCING ACTIVITIES Net proceeds from exercise of stock options Proceeds fromissuance of conmon stock and warrants, net Proceeds from issuance of convertible notes, net Repayments on line of credit, net of proceeds Net cash provided by financing activities Net increase in cash and cash equivalents Effect of exchange rate changes on cash Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period Supplemental disclosure Cash paid during period for Interest Income taxes Supplemental disclosure of non-cash transactions: Conversion of notes payable and accrued interest Beneficial conversion feature on convertible notes (77) (41) (121) 28 &817 (428) 8417 4,962 26 991 5,969 2,783 (430) 2353 608 (14) 397 991 S 45 18 41 25 S 1.558 18 350 Year Ended December 31. 2019 2018 (In thousands, except share data) 11.508 9,125 2,383 12.558 9,822 2.736 Revenue Cost of goods sold Gross profit Operating expenses: Selling and marketing General and administrative Total operating expenses Loss from operations Interest income Interest expense Other income (expense), net Loss before income taxes Income taxexpense, net Net loss 2492 2.071 4.563 (1.827 2,447 2.288 4735 (2,352) 50 (412 (5) (2.749) (29 (2,778) (271) (2,055) (34) (2,079 Net loss per share - basic and diluted Weighted average basic and diluted contron shares outstanding (005) 51,109,086 (0.05) 41.464373 NES SODA CO. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIT) Years Ended December 31, 2019 and 2018 Common Stock Accumulated Other Comprehensive Income (Loss) Number Accumulated Deficit Total Shareholders Equity Deficit Amount 41,464,373 $ 62,683 $ 391 S (62,131) $ 9443 178 350 178 350 (2,079) (95) 296 $ (2,079) (95) (703) 41,464,373 $ 63,211 $ (64,210) S Balance as of December 31, 2017 Stock-based compensation Beneficial conversion feature on convertible debt Net loss Other comprehensive loss Balance as of December 31, 2018 Stock-based compensation Common stock issuance on conversion of notes payable Common stock and wamants issued, net of offering costs of 5183 Exercise of stock options Beneficial conversion feature on paid-in-kind interest Net loss Other comprehensive income Balance as of December 31, 2019 163, 179 4,868,079 141 1.358 141 1.558 15,000,000 8,817 8,817 70,445 28 18 28 18 (2.778) 46 342 S (2.778) 46 7,127 61,566,076 $ 73,773 $ (66,988) S December 31, 2019 December 31, 2018 (In thousands, ercept sh 5,969 $ 1,573 1.788 310 9,640 162 33 17 9,852 991 1.362 1.349 245 3,947 88 33 4,068 554 S ASSETS Current assets: Cash and cash equivalents Accounts receivable, net of allowance of S44 and 540 Inventory Prepaid expenses and other current assets Total current assets Fixed assets, net of accumulated depreciation of S484 and 5489 Other assets Right of use lease asset Total assets LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable Line of credit Accrued expenses Lease liability Taxes payable Total current liabilities Convertible subordinated notes payable, net Accrued interest expense Deferred rent Total liabilities Shareholders' equity (deficit) Common stock, no par value: Authorized - 100,000,000, issued and outstanding shares -61,566,076 shares and 41,464,373 shares, respectively Accumulated other comprehensive income Accumulated deficit Total shareholders' equity (deficit) Total abilities and shareholders' equity 1,058 428 614 663 18 10 1.245 1.113 147 2.100 2.58 135 8 4,771 2,723 73,773 342 7,127 (64210 (700 400 See accompanying notes to consolidated financial statements Year Ended December 31 2019 2018 Type of awards: Stock options Restricted stock s S 101 40 141 121 57 178 S Income statement account: Selling and marketing General and administrative S 45 96 141 122 178 S 45 Year Ended December 31. 2019 2018 Expected dividend yield Expected stock price volatility Risk-free interest rate Expected term (in years) Weighted average grant date fair-value 67.7% 2.294 60 yean 67.0% 2.694 5.6 years 0.23 0.20 During the year ended December 31, 2019. no material modifications were made in tendina tarantin CONSOLIDATED BALANCESHEETS December 31, 2019 December 31, 2018 (In thousands, except share data) 5,969 S 1.573 1.788 310 991 1,362 1,349 245 3,947 88 33 9,640 162 33 17 9.852 4,068 554 $ ASSETS Current assets: Cash and cash equivalents Accounts receivable, net of allowance of S44 and 540 Inventory Prepaid expenses and other current assets Total current assets Fixed assets, net of accumulated depreciation of S484 and 5489 Other assets Right of use lease asset Total assets LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable Line of credit Accrued expenses Lease liability Taxes payable Total current liabilities Convertible subordinated notes payable, net Accrued interest expense Deferred rent Total liabilities Shareholders' equity (deficit) Common stock, no par value: Authorized - 100,000,000; issued and outstanding shares -- 61,566,076 shares and 41,464,373 shares, respectively Accumulated other comprehensive income Accumulated deficit Total shareholders' equity (deficit) Total liabilities and shareholders' equity 1.058 428 614 663 18 10 1.245 1,333 147 2.100 2.528 135 8 4,771 2,725 73,773 342 (66,988) 7,127 9,852 63,211 296 (64.210) (703) 4,068 A summary of our stock option activity is as follows: 0:33 305.00 160.000 070445 (619,037) 3.495,601 2,945,079 3,361,970 5 0.48 0.47 $ Balance at my 1, 2019 Number of Options granted Options exercise Options cancelled expired Balance at December 31, 2019 Exercisable, December 31, 2019 Vested and expected to vest The following table summarizes information about lock options outstanding and exercisable under our stock incentive plans at December 31, 2019 We Are Reg Contract We Arengu $0.25 to $0.50 Prie 2,903,708 50.51 to $1.09 51693 3.39 0.76 $1.10 to 52.99 75,000 1:37 1.20 3,41601 5.48 046 RC 2,413.331 457,245 75,000 2.945,079 2.98 1.37 4.92 0.39 078 1.20 0.47

Answer & Explanation Solved by verified expert

See Answer