Question
Some recent financial statements for Smolira Golf Corporation follow. SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners Equity 2020
Some recent financial statements for Smolira Golf Corporation follow. SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners Equity 2020 2021 Current assets Current liabilities Cash $ 34,685 $ 38,112 Accounts payable $ 37,092 $ 42,732 Accounts receivable 17,951 28,036 Notes payable 19,308 16,425 Inventory 3,700 42,752 Other 20,134 24,874 Total $ 56,336 $ 108,900 Total $ 76,534 $ 84,031 Long-term debt $ 116,500 $ 179,379 Owners equity Common stock and paid-in surplus $ 55,300 $ 55,300 Accumulated retained earnings 272,552 310,273 Fixed assets Net plant and equipment $ 464,550 $ 520,083 Total $ 327,852 $ 365,573 Total assets $ 520,886 $ 628,983 Total liabilities and owners equity $ 520,886 $ 628,983 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales $ 507,954 Cost of goods sold 360,378 Depreciation 44,838 Earnings before interest and taxes $ 102,738 Interest paid 19,983 Taxable income $ 82,755 Taxes (23%) 19,034 Net income $ 63,721 Dividends $ 26,000 Retained earnings 37,721 Smolira Golf Corporation has 43,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2021 was $27. 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 companys growth rate is 8 percent, what is the PEG ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Smolira Golf Corporation has 43.000 shares of common stock outstanding, and the market price for a share of stock at the end of 2021 was $27. 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 Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.)Step by Step Solution
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