Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please find this answer as table is shown below Some recent financial statements for Earl Grey Golf Corp. follow on 3. (25 A 2017 2017

please find this answer as table is shown below image text in transcribed
image text in transcribed
Some recent financial statements for Earl Grey Golf Corp. follow on 3. (25 A 2017 2017 2018 Current sets Cash Accounts receivable Inventory Total $ 24.230 13.216 25.584 $ 63,038 EN GREY QOUF CORP 2017 and 2018 Semental ende Pos Land Ouers 2010 Current 20,000 Accounts payable 17,100 Noles payable 29.000 Other 72.100 Total Long-term debe Owners' equally Common stock and paid in surplus Retained earning 21.220 19.000 11,543 $ 61,709 3 BADOO $ 20.000 10.800 18,300 $ 56.200 $ 100,800 $45.000 131.341 $45.000 233,000 Fleed assets Net plant and equipment Total asset $ 253,068 $316,104 384,900 437.000 Total Total liabilities and owners equity $176.341 $316,104 $ 278,000 $ 437.000 EARL GREY GOLF CORP 2018 Statement of Comprehensive Income Sales Cost of goods sold Depreciation Emmings before interest and tax Interest paid Taxable income Taxes (40%) Net income Dividende $29.000 Addition to retained earnings 101,659 $ 537,305 257.000 48.800 $231.595 13.830 $217,765 87.100 $ 130,650 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. 1 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? Als 2017 2018 Current Cash Accounts recei Inventory $ 24230 13.210 25.554 $ 2.09 EARL GREY GOLF CORP 2017 and 2018 Salent of Financial Position Liabilities and Owners Equity 2018 2017 Current bites 26.000 Accounts payable $ 21.220 17.100 Notes 20.000 Other 11,543 72.100 To $ 51,760 Long term dett Owners uity Common stock and paid in surplus 5 45.000 Rated coming 131.41 354.900 Total 51781 237.000 Tots and owners 5316.104 $29.000 10.900 18.300 $50.00 5 100.000 Fassets Ne plaindo $ 45.000 233.000 5278.000 $47.000 5253068 $310.104 EARL GREY GOLF CORP 2018 Sent of Comprehensive Income Cost of goods sold Depreciation Earnings before interest and tax paid $537205 257.000 48.800 5230 13830 $21776 57.100 5130659 Twe(409 Not income Dividende Additions to undeaming $29.000 101.650

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_2

Step: 3

blur-text-image_3

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

Applied Valuation A Pragmatic Approach

Authors: Clifford S. Ang

1st Edition

3110771748,3110771837

More Books

Students also viewed these Finance questions

Question

Are accessories required and, if so, what will their costs be?

Answered: 1 week ago