Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

~ 12 ~ A A Cuestion 3.25 Hea 2.000 ne . 13.000 . 31 12.100 Lang Owney Carmen 45.000 2.1 23.00 125. 1318,54 354,00 437.000

image text in transcribed
image text in transcribed
~ 12 ~ A A Cuestion 3.25 Hea 2.000 ne . 13.000 . 31 12.100 Lang Owney Carmen 45.000 2.1 23.00 125. 1318,54 354,00 437.000 3178.341 1316.04 3278.000 300 To dowww ERLOREY COUF CORP Cost of proda od Deprecation Earrings before stand Interest paid Tube income 40) Nation Dividende Adontoined amings $59726 257.000 AR DE 5736 DO 5217,705 87.94 $130,650 $ 20,000 101.450 Earl Grey Golf Corp. has 20,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $21. a) What is the price-earnings ratio? b) What are the dividends per share? c) What is the market-to-book ratio at the end of 2018? d) If the company's growth rate is 8 %, what is the PEG ratio? Some recent financial statements for Earl Grey Golf Corp. follow. Qu 3. m A 2017 2018 Current assets Ch Accounts receivable Inventory Total 5 24.238 13,216 25,584 $ 63,036 EARL OREY GOLF CORP 2017 and 2018 Statement of Financial Position Land Owners Eu 2018 2017 Current Mobiles 26,000 Accounts payable $ 21220 17,100 Noles payable 19.000 29,000 Other 11,543 72.100 Total $ 51,783 Long-term debe $88.000 Owners' equity Common stock and paid-in surplus $ 45,000 Retained earnings 131 341 $ 29,000 10.900 18300 $ 58.200 $100.800 $ 45,000 233.000 Foxed assets Net plant and equipment Total assets $ 253,068 $ 175,341 $278.000 364.900 437,000 Total Total liabilities and owners' equity $316,104 5315,104 5437.000 EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income Sales Cost of goods sold Depreciation Earnings before interest and tax Interest paid Taxable income Taxes (40% Net income Dividends $ 29,000 Additions to retained earnings 101.65 $ 537,395 257,000 48,800 5231,595 13,830 $ 217.765 87 106 $ 130,659

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Forward Lease Sukuk In Islamic Capital Markets Structure And Governing Rules

Authors: Ahcene Lahsasna , M. Kabir Hassan , Rubi Ahmad

1st Edition

3319942611,331994262X

More Books

Students also viewed these Finance questions