Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets

Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Total assets 2020 $35,485 $38,848 18,351 28,756 3,940 43,072 $57,776 $110,676 Fixed assets Net plant and equipment $ 465,470 $ 521,283 Accounts payable Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total $523,246 $631,959 Total liabilities and owners' equity 2021 $38,612 $43,132 20,108 17,025 20,854 25,514 $79,574 $85,671 $120,500 $184,214 2020 $56,100 $ 56,100 267,072 305,974 $323,172 $ 523,246 362,074 631,959
image text in transcribed
image text in transcribed
image text in transcribed
Some recent financial statements for Smolira Golf Corporation follow. Smolira Golf Corporation has 51,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2021 was $30. a. What is the price-earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What are the dividends per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the market-to-book ratio at the end of 2021? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. If the company's growth rate is 8 percent, what is the PEG ratio? (Do not round intermediate calculations and round your onswer to 2 decimal places, e.g., 32.16.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance And Economics Discussion Series Measurement Error And Time Aggregation A Closer Look At Estimates Of Output Labor Elasticities

Authors: United States Federal Reserve Board, Marcello Estevao

1st Edition

1288722990, 9781288722990

More Books

Students also viewed these Finance questions

Question

7. Develop a plan to avoid burnout?

Answered: 1 week ago