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Some recent financial statements for Golf Canada Corp. follow. Liabilities and Owners' Equity 2022 2022 Current assets Cash Accounts receivable Inventory Total Fixed assets Net
Some recent financial statements for Golf Canada Corp. follow. Liabilities and Owners' Equity 2022 2022 Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Current liabilities $ 24,255 Accounts $ 27,420 payable 15,235 Notes payable 27,155 Other $ 66,645 Total 10,800 15,553 $ 53,773 Long-term 95,000 debt Owners' equity Common $365,734 stock and $ 40,000 paid-in surplus Retained earnings 243,606 Total $283,606 Total liabilities $432,379 and owners' equity $432,379 GOLF CANADA CORP. 2022 Statement of Comprehensive Income Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (35%) Net income $366,996 253,122 32,220 81.654 14,300 $ 67,354 23,574 $ 43,780 Dividends $20,000 Additions to retained earnings 23,780 Golf Canada Corp. has 25,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2022 was $43. (Show your calculation in handwritten and upload in one attachment) A. What is the price-earnings ratio? B. What are the Debt Equity Ratio? C. Calculate ROE for the year 2022? D. Calculate ROA for the year 2022? E. Calculate Interest coverage ratio for the year 2022?
Some recent financial statements for Golf
Canada Corp. follow.
Liabilities and Owners' Equity
2022
2022
Current assets
Cash
Accounts receivable
Inventory
Total
Fixed assets
Net plant and equipment
Total assets
Current liabilities
$ 24,255
Accounts $ 27,420
payable
15,235 Notes
payable
27,155 Other
$ 66,645 Total
10,800
15,553
$ 53,773
Long-term 95,000 debt
Owners' equity
Common
$365,734
stock and $ 40,000
paid-in surplus
Retained earnings
243,606
Total
$283,606
Total liabilities
$432,379 and owners'
equity
$432,379
GOLF CANADA CORP.
2022 Statement of Comprehensive Income
Sales
Cost of goods sold
Depreciation
Earnings before interest and taxes
Interest paid
Taxable income
Taxes (35%)
Net income
$366,996
253,122
32,220
81.654
14,300
$ 67,354
23,574
$ 43,780
Dividends
$20,000
Additions to retained earnings
23,780
Golf Canada Corp. has 25,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2022 was $43. (Show your calculation in handwritten and upload in one attachment)
A. What is the price-earnings ratio?
B. What are the Debt Equity Ratio?
C. Calculate ROE for the year 2022?
D. Calculate ROA for the year 2022?
E. Calculate Interest coverage ratio for the year 2022?
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