Question
Some recent financial statements for Earl Grey Golf Corp. follow. EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Assets Liabilities and Owners
Some recent financial statements for Earl Grey Golf Corp. follow. 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 $ 24,236 26,000 Accounts payable $ 21,220 $ 29,000 Accounts receivable 13,216 17,100 Notes payable 19,000 10,900 Inventory 25,584 29,000 Other 11,543 18,300 Total $ 63,036 72,100 Total $ 51,763 $ 58,200 Long-term debt $ 88,000 $ 100,800 Owners equity Common stock and paid-in surplus $ 45,000 $ 45,000 Retained earnings 131,341 233,000 Fixed assets Net plant and equipment $ 253,068 364,900 Total $ 176,341 $ 278,000 Total assets $ 316,104 437,000 Total liabilities and owners equity $ 316,104 $ 437,000 EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income Sales $ 537,395 Cost of goods sold 257,000 Depreciation 48,800 Earnings before interest and tax $ 231,595 Interest paid 13,830 Taxable income $ 217,765 Taxes (40%) 87,106 Net income $ 130,659 Dividends $ 29,000 Additions to retained earnings 101,659 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. What is the priceearnings ratio? (Round the intermediate calculations to 2 decimal places. Round the final answer to 2 decimal places.) Priceearnings ratio times What are the dividends per share? (Round the final answer to 2 decimal places. Omit $ sign in your response.) Dividends $ per share What is the market-to-book ratio at the end of 2018? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Market-to-book ratio times If the companys growth rate is 8 %, what is the PEG ratio? (Round the intermediate calculations to 2 decimal places. Round the final answer to 2 decimal places.) PEG ratio times
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started