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 $ 23,066 25,300 Accounts payable $ 20,520 $ 28,300 Accounts receivable 12,516 16,400 Notes payable 14,000 10,200 Inventory 24,844 28,300 Other 10,843 19,700 Total $ 60,426 70,000 Total $ 45,363 $ 58,200 Long-term debt $ 81,000 $ 91,800 Owners equity Common stock and paid-in surplus $ 55,000 $ 55,000 Retained earnings 125,131 229,000 Fixed assets Net plant and equipment $ 246,068 364,000 Total $ 180,131 $ 284,000 Total assets $ 306,494 434,000 Total liabilities and owners equity $ 306,494 $ 434,000 EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income Sales $ 457,443 Cost of goods sold 215,200 Depreciation 49,300 Earnings before interest and tax $ 192,943 Interest paid 13,130 Taxable income $ 179,813 Taxes (30%) 53,944 Net income $ 125,869 Dividends $ 22,000 Additions to retained earnings 103,869 Earl Grey Golf Corp. has 40,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $42. 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 10 %, what is the PEG ratio? (Round the intermediate calculations to 2 decimal places. Round the final answer to 2 decimal places.) PEG ratio times
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