Question
Current assetsCurrent liabilitiesCash$34,585$38,020Accounts payable$36,902$42,682Accounts receivable17,90127,946Notes payable19,20816,350Inventory3,67042,712Other20,04424,794Total$56,156$108,678Total$76,154$83,826Long-term debt$116,000$176,741Owners' equityCommon stock and paid-in surplus$55,200$55,200Accumulated retained earnings273,237312,844Fixed assetsNet plant and equipment$464,435$519,933Total$328,437$368,044Total assets$520,591$628,611Total liabilities and owners' equity$520,591$628,611 SMOLIRA GOLF
Current assetsCurrent liabilitiesCash$34,585$38,020Accounts payable$36,902$42,682Accounts receivable17,90127,946Notes payable19,20816,350Inventory3,67042,712Other20,04424,794Total$56,156$108,678Total$76,154$83,826Long-term debt$116,000$176,741Owners' equityCommon stock and paid-in surplus$55,200$55,200Accumulated retained earnings273,237312,844Fixed assetsNet plant and equipment$464,435$519,933Total$328,437$368,044Total assets$520,591$628,611Total liabilities and owners' equity$520,591$628,611
SMOLIRA GOLF CORP.
2018 Income StatementSales$507,454Cost of goods sold360,028Depreciation44,713Earnings before interest and taxes$102,713Interest paid19,883Taxable income$82,830Taxes (22%)18,223Net income$64,607Dividends$25,000Retained earnings39,607
Smolira Golf Corp. has 42,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $27.
a.What is the price-earnings ratio?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b.What are the dividends per share?(Round your answer to 2 decimal places, e.g., 32.16.)c.What is the market-to-book ratio at the end of 2018?(Round your answer to 2 decimal places, e.g., 32.16.)d.If the company's growth rate is 7 percent, what is the PEG ratio?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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