Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Market Value Ratios [LO2] Smolira Golf Corp. has 15,000 shares of common stock outstanding, and the market price for a share of stock at the

image text in transcribed
image text in transcribed
image text in transcribed
Market Value Ratios [LO2] Smolira Golf Corp. has 15,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2021 was $79. What is the price-earnings ratio? What are the dividends per share? What is the market-to-book ratio at the end of 2021 ? If the company's growth rate is 9 percent, what is the PEG ratio? SMOLIRA GOLF CORP. 2021 Income statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes (25%) Net income Dividends Retained earnings \begin{tabular}{lr} $ & 531,750 \\ & 377,294 \\ & 46,686 \\ \hline$ & 107,770 \\ & 20,650 \\ \hline$ & 87,120 \\ & 21,780 \\ \hline$ & 65,340 \\ \hline & \\ $ & 20,000 \\ & 45,340 \end{tabular} Tax rate 25% SMOLIRA GOLF CORP. 2020 and 2021 Ba'ance Sheets Arsets Llabulities and owners' equity Fined Assets Net plant and equigment. Total essets

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

Intermediate Accounting

Authors: kieso, weygandt and warfield.

14th Edition

9780470587232, 470587288, 470587237, 978-0470587287

More Books

Students also viewed these Accounting questions

Question

What is interactive marketing?

Answered: 1 week ago

Question

What is Tax Planning?

Answered: 1 week ago