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Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total
Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets SMOLIRA GOLF Corporation 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other Total 2020 $32,653 $39,350 16,911 28,877 34,495 44,336 $ 84,059 $112,563 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 441,099 $ 502,872 Total $ 525,158 $615,435 Total liabilities and owners' equity 2020 2021 $ 34,886 $44,285 18,058 16,848 18,871 25,619 $71,815 $86,752 $ 110,000 140,000 $ 55,000 $ 55,000 288,343 333,683 $ $343,343 388,683 $ 525,158 615,435 SMOLIRA GOLF Corporation 2021 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (25%) Net income Dividends Retained earnings $ 20,000 45,340 $ 531,750 377,294 46,686 $ 107,770 20,650 $ 87,120 21,780 $ 65,340 Smolira Golf Corporation has 15,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2021 was $79. 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 9 percent, what is the PEG ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets Current assets Cash Accounts receivable Inventory Total Total assets JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities 2020 $14,588 $17,631 35,258 41,019 65,567 71,505 $ 115,413 $130,155 592,826 Accounts payable Notes payable Net plant and equipment $477.413 $498,421 Total Total Long-term debt Owners' equity Common stock and paid-in surplus $ 60,000 $60,000 Retained earnings 397,278 418,179 $ 457,278 $ 478,179 $628,576 Total liabilities and owners' equity 2021 $ 55,653 $ 63,073 21,895 25,324 Prepare the 2021 combined common-size, common-base year balance sheet for Just Dew It. (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., 32.1616.) 2020 $77,548 $ 88,397 $ 58,000 $ 62,000 $ 592,826 628,576
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