Question
Some recent financial statements for Earl Grey Golf Corp. follow. EARL GREY GOLF CORP. 2014 and 2015 Statement of Financial Position Assets Liabilities and Owners
Some recent financial statements for Earl Grey Golf Corp. follow. |
EARL GREY GOLF CORP. 2014 and 2015 Statement of Financial Position | ||||||||||||||||
Assets | Liabilities and Owners Equity | |||||||||||||||
2014 | 2015 | 2014 | 2015 | |||||||||||||
Current assets | Current liabilities | |||||||||||||||
Cash | $ | 24,046 | $ | 24,255 | Accounts payable | $ | 23,184 | $ | 27,420 | |||||||
Accounts receivable | 12,448 | 15,235 | Notes payable | 12,000 | 10,800 | |||||||||||
Inventory | 25,392 | 27,155 | Other | 11,571 | 15,553 | |||||||||||
Total | $ | 61,886 | $ | 66,645 | Total | $ | 46,755 | $ | 53,773 | |||||||
Long-term debt | $ | 80,000 | $ | 95,000 | ||||||||||||
Owners equity | ||||||||||||||||
Common stock and paid-in surplus | $ | 40,000 | $ | 40,000 | ||||||||||||
Retained earnings | 219,826 | 243,606 | ||||||||||||||
Fixed assets | ||||||||||||||||
Net plant and equipment | $ | 324,695 | $ | 365,734 | Total | $ | 259,826 | $ | 283,606 | |||||||
Total assets | $ | 386,581 | $ | 432,379 | Total liabilities and owners equity | $ | 386,581 | $ | 432,379 | |||||||
EARL GREY GOLF CORP. 2015 Statement of Comprehensive Income | |||||||
Sales | $ | 366,996 | |||||
Cost of goods sold | 253,122 | ||||||
Depreciation | 32,220 | ||||||
Earnings before interest and tax | $ | 81,654 | |||||
Interest paid | 14,300 | ||||||
Taxable income | $ | 67,354 | |||||
Taxes (35%) | 23,574 | ||||||
Net income | $ | 43,780 | |||||
Dividends | $ | 20,000 | |||||
Additions to retained earnings | 23,780 | ||||||
Earl Grey Golf Corp. has 25,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2015 was $43. |
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.) |
Dividends | $ per share |
What is the market-to-book ratio at the end of 2015? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) |
Market-to-book ratio | times |
If the companys growth rate is 9 percent, what is the PEG ratio? (Do not round intermediate calculations. 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