Question
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners Equity 2014 2015 2014
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners Equity 2014 2015 2014 2015 Current assets Current liabilities Cash $ 24,086 $ 24,500 Accounts payable $ 23,584 $ 27,500 Accounts receivable 12,848 15,600 Notes payable 15,000 11,200 Inventory 26,042 27,500 Other 11,971 18,300 Total $ 62,976 $ 67,600 Total $ 50,555 $ 57,000 Long-term debt $ 60,000 $ 73,000 Owners equity Common stock and paid-in surplus $ 44,000 $ 44,000 Accumulated retained earnings 237,116 256,000 Fixed assets Net plant and equipment $ 328,695 $ 362,400 Total $ 281,116 $ 300,000 Total assets $ 391,671 $ 430,000 Total liabilities and owners equity $ 391,671 $ 430,000 SMOLIRA GOLF CORP. 2015 Income Statement Sales $ 373,473 Cost of goods sold 254,500 Depreciation 32,800 Earnings before interest and taxes $ 86,173 Interest paid 14,700 Taxable income $ 71,473 Taxes (40%) 28,589 Net income $ 42,884 Dividends $ 24,000 Retained earnings 18,884 Smolira Golf Corp. has 40,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2015 was $30. What is the price-earnings ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Price-earnings 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 2015? (Round your answer to 2 decimal places, e.g., 32.16.) Market-to-book ratio times If the companys growth rate is 7 percent, what is the PEG ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) PEG ratio times
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