Question
SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners Equity 2014 2015 2014 2015 Current assets Current liabilities Cash $ 24,246 $
SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets | ||||||||||||||||
Assets | Liabilities and Owners Equity | |||||||||||||||
2014 | 2015 | 2014 | 2015 | |||||||||||||
Current assets | Current liabilities | |||||||||||||||
Cash | $ | 24,246 | $ | 26,100 | Accounts payable | $ | 25,184 | $ | 29,100 | |||||||
Accounts receivable | 14,448 | 17,200 | Notes payable | 20,000 | 12,800 | |||||||||||
Inventory | 27,992 | 29,100 | Other | 13,571 | 18,100 | |||||||||||
Total | $ | 66,686 | $ | 72,400 | Total | $ | 58,755 | $ | 60,000 | |||||||
Long-term debt | $ | 89,000 | $ | 101,000 | ||||||||||||
Owners equity | ||||||||||||||||
Common stock and paid-in surplus | $ | 50,000 | $ | 50,000 | ||||||||||||
Accumulated retained earnings | 213,626 | 226,000 | ||||||||||||||
Fixed assets | ||||||||||||||||
Net plant and equipment | $ | 344,695 | $ | 364,600 | Total | $ | 263,626 | $ | 276,000 | |||||||
Total assets | $ | 411,381 | $ | 437,000 | Total liabilities and owners equity | $ | 411,381 | $ | 437,000 | |||||||
SMOLIRA GOLF CORP. 2015 Income Statement | |||||||
Sales | $ | 360,968 | |||||
Cost of goods sold | 262,500 | ||||||
Depreciation | 29,200 | ||||||
Earnings before interest and taxes | $ | 69,268 | |||||
Interest paid | 16,300 | ||||||
Taxable income | $ | 52,968 | |||||
Taxes (20%) | 10,594 | ||||||
Net income | $ | 42,374 | |||||
Dividends | $ | 30,000 | |||||
Retained earnings | 12,374 | ||||||
Smolira Golf Corp. has 40,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2015 was $30. |
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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