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 | $ | 21,900 | 24,500 | Accounts payable | $ | 19,720 | $ | 27,500 | |||||||||
Accounts receivable | 11,716 | 15,600 | Notes payable | 15,000 | 9,400 | ||||||||||||
Inventory | 23,734 | 27,500 | Other | 10,043 | 18,300 | ||||||||||||
Total | $ | 57,350 | 67,600 | Total | $ | 44,763 | $ | 55,200 | |||||||||
Long-term debt | $ | 60,000 | $ | 74,800 | |||||||||||||
Owners equity | |||||||||||||||||
Common stock and paid-in surplus | $ | 44,000 | $ | 44,000 | |||||||||||||
Retained earnings | 146,655 | 256,000 | |||||||||||||||
Fixed assets | |||||||||||||||||
Net plant and equipment | $ | 238,068 | 362,400 | Total | $ | 190,655 | $ | 300,000 | |||||||||
Total assets | $ | 295,418 | 430,000 | Total liabilities and owners equity | $ | 295,418 | $ | 430,000 | |||||||||
EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income | ||||||
Sales | $ | 521,872 | ||||
Cost of goods sold | 254,500 | |||||
Depreciation | 32,800 | |||||
Earnings before interest and tax | $ | 234,572 | ||||
Interest paid | 12,330 | |||||
Taxable income | $ | 222,242 | ||||
Taxes (40%) | 88,897 | |||||
Net income | $ | 133,345 | ||||
Dividends | $ | 24,000 | ||||
Additions to retained earnings | 109,345 | |||||
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 $30.
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 7 %, 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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