EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 24,046 $ 24,255 Accounts payable $ 23,184 $ 27,420 Accounts receivable 12,448 15,235 Notes payable 12,000 10,800 Inventory 25,392 27,155 Other 11,571 15,553 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 219,826 243,606 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 Comprehensive 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 Net Income $ 43,780 Dividends $20,000 Additions to retained earnings 23,780 31. Market Value Ratios (LO3) 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? a) Earnings per share b) P/E ratio c) Dividends per share d) Book value per share e) Market-to-book ratio