EARL GREY GOLF CORP.

$2017$ and $2018$ Statement of Financial Position

Assets Liabilities and Owners$$E quity

$2017201820172018$

Current assets Current liabilities

Cash $ $24,046$ $ $24,255$ Accounts payable $ $23,184$ $ $27,420$

Accounts receivable $12,44815,235$ Notes payable $12,00010,800$

Inventory $25,39227,155$ Other $11,57115,553$

Total $ $61,886$ $ $66,645$ Total $ $46,755$ $ $53,773$

Fixed assets Long$-$term debt $ $80,000$ $ $95,000$

Net plant and

equipment

$$324,695$ $$365,734$ Owners$$ equity Common stock and paid$-$in

surplus

$ $40,000$ $ $40,000$

Retained earnings $219,826243,606$

Total $$259,826$ $$283,606$

Total assets $$386,581$ $$432,379$ Total liabilities and owners$$ equity $$386,581$ $$432,379$

EARL GREY GOLF CORP.

$2018$ Statement of Comprehensiv e Income

Sales $$366,996$

Cost of goods sold $253,122$

Depreciation $32,220$

Earnings before interest and tax $ $81,654$

Interest paid $14,300$

Taxable income $ $67,354$

Taxes $(35\%)23,574$

$31.$ Market Value Ratios $($LO$3)$ Earl Grey Golf Corp. has $25,000$ shares of common stock

EARL GREY GOLF CORP.

$2018$ Statement of Comprehensiv e Income

Net Income $ $43,780$

Dividends $$20,000$

Additions to retained earnings $23,780$Earl Grey Golf Corp. has $25,000$ shares of common stock outstanding, and the market price for a share of stock at the end of $2018$ was $$43.$ What is the price$$earnings ratio? What are the dividends per share? What is the market$-$to$-$book ratio at the end of $2018?$ If the company$$s growth rate is $9\%,$ what is the PEG ratio $?$