Question
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF 2011 and 2012 Balance Sheets Assets Liabilities and Owners Equity 2011 2012 2011 2012
Some recent financial statements for Smolira Golf Corp. follow. |
SMOLIRA GOLF 2011 and 2012 Balance Sheets | ||||||||||||||||
Assets | Liabilities and Owners Equity | |||||||||||||||
2011 | 2012 | 2011 | 2012 | |||||||||||||
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 | ||||||||||||
Accumulated 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 | |||||||
SMOLIRA GOLF, INC. 2012 Income Statement | |||||||
Sales | $ | 366,996 | |||||
Cost of goods sold | 253,122 | ||||||
Depreciation | 32,220 | ||||||
Earnings before interest and taxes | $ | 81,654 | |||||
Interest paid | 14,300 | ||||||
Taxable income | $ | 67,354 | |||||
Taxes (35%) | 23,574 | ||||||
Net income | $ | 43,780 | |||||
Dividends | $ | 20,000 | |||||
Retained earnings | 23,780 | ||||||
Smolira Golf Corp. has 25,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2012 was $43. |
What is the priceearnings ratio? (Do not round intermediate calculation and round your final answer to 2 decimal places. (e.g., 32.16)) |
Priceearnings ratio | times |
What are the dividends per share? (Round your answer to 2 decimal places. (e.g., 32.16)) |
Dividends | per share |
What is the market-to-book ratio at the end of 2012? (Do not round intermediate calculation and round your final answer to 2 decimal places. (e.g., 32.16)) |
Market-to-book ratio | times |
If the companys growth rate is 9 percent, what is the PEG ratio? (Do not round intermediate calculation and round your final answer to 2 decimal places. (e.g., 32.16)) |
PEG ratio | times |
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