Question
SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners Equity 2014 2015 2014 2015 Current assets Current liabilities Cash $ 23,086 $
SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets | ||||||||||||||||
Assets | Liabilities and Owners Equity | |||||||||||||||
2014 | 2015 | 2014 | 2015 | |||||||||||||
Current assets | Current liabilities | |||||||||||||||
Cash | $ | 23,086 | $ | 25,500 | Accounts payable | $ | 24,584 | $ | 28,500 | |||||||
Accounts receivable | 13,848 | 16,600 | Notes payable | 15,000 | 12,200 | |||||||||||
Inventory | 27,362 | 28,500 | Other | 12,971 | 18,300 | |||||||||||
Total | $ | 64,296 | $ | 70,600 | Total | $ | 52,555 | $ | 59,000 | |||||||
Long-term debt | $ | 55,000 | $ | 61,000 | ||||||||||||
Owners equity | ||||||||||||||||
Common stock and paid-in surplus | $ | 52,000 | $ | 52,000 | ||||||||||||
Accumulated retained earnings | 243,436 | 263,000 | ||||||||||||||
Fixed assets | ||||||||||||||||
Net plant and equipment | $ | 338,695 | $ | 364,400 | Total | $ | 295,436 | $ | 315,000 | |||||||
Total assets | $ | 402,991 | $ | 435,000 | Total liabilities and owners equity | $ | 402,991 | $ | 435,000 | |||||||
SMOLIRA GOLF CORP. 2015 Income Statement | |||||||
Sales | $ | 359,607 | |||||
Cost of goods sold | 235,900 | ||||||
Depreciation | 35,400 | ||||||
Earnings before interest and taxes | $ | 88,307 | |||||
Interest paid | 15,700 | ||||||
Taxable income | $ | 72,607 | |||||
Taxes (40%) | 29,043 | ||||||
Net income | $ | 43,564 | |||||
Dividends | $ | 24,000 | |||||
Retained earnings | 19,564 | ||||||
Smolira Golf Corp. has 30,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2015 was $47. |
What is the price-earnings ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) |
Price-earnings ratio | times |
What are the dividends per share? (Round your answer to 2 decimal places, e.g., 32.16.) |
Dividends | per share |
What is the market-to-book ratio at the end of 2015? (Round your answer to 2 decimal places, e.g., 32.16.) |
Market-to-book ratio | times |
If the companys growth rate is 8 percent, what is the PEG ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) |
PEG ratio | times |
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