Question

In: Finance

SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners’ Equity 2014 2015 2014...

SMOLIRA GOLF CORP.
2014 and 2015 Balance Sheets
Assets Liabilities and Owners’ Equity
2014 2015 2014 2015
  Current assets   Current liabilities
      Cash $ 24,246 $ 26,100       Accounts payable $ 25,184 $ 29,100
      Accounts receivable 14,448 17,200       Notes payable 20,000 12,800
      Inventory 27,992 29,100       Other 13,571 18,100
        Total $ 66,686 $ 72,400         Total $ 58,755 $ 60,000
  Long-term debt $ 89,000 $ 101,000
  Owners’ equity
      Common stock and paid-in surplus $ 50,000 $ 50,000
      Accumulated retained earnings 213,626 226,000
  Fixed assets
  Net plant and equipment $ 344,695 $ 364,600   Total $ 263,626 $ 276,000
  Total assets $ 411,381 $ 437,000   Total liabilities and owners’ equity $ 411,381 $ 437,000


SMOLIRA GOLF CORP.
2015 Income Statement
  Sales $ 360,968
  Cost of goods sold 262,500
  Depreciation 29,200
  Earnings before interest and taxes $ 69,268
  Interest paid 16,300
  Taxable income $ 52,968
  Taxes (20%) 10,594
  Net income $ 42,374
      Dividends $ 30,000
      Retained earnings 12,374


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 company’s growth rate is 8 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

Solutions

Expert Solution

Price-earnings ratio                                        28.32 times
30/(42374/40000)
Dividends 0.75 per share
30000/40000
Market-to-book ratio                                           4.35 times
30/(276000/40000)
PEG ratio                                      353.99 times
(30/(42374/40000))/8%

jeff jeffy answered 3 years ago
Next > < Previous

Related Solutions

SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners’ Equity 2014 2015 2014...
SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners’ Equity 2014 2015 2014 2015   Current assets   Current liabilities       Cash $ 23,056 $ 25,200       Accounts payable $ 24,284 $ 28,200       Accounts receivable 13,548 16,300       Notes payable 13,000 11,900       Inventory 26,982 28,200       Other 12,671 19,900         Total $ 63,586 $ 69,700         Total $ 49,955 $ 60,000   Long-term debt $ 80,000 $ 92,000   Owners’ equity       Common stock and paid-in surplus $ 60,000 $ 60,000       Accumulated retained earnings 209,326 222,000   Fixed assets...
SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners’ Equity 2014 2015 2014...
SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners’ Equity 2014 2015 2014 2015   Current assets   Current liabilities       Cash $ 24,066 $ 24,300       Accounts payable $ 23,384 $ 27,300       Accounts receivable 12,648 15,400       Notes payable 13,000 11,000       Inventory 25,642 27,300       Other 11,771 16,700         Total $ 62,356 $ 67,000         Total $ 48,155 $ 55,000   Long-term debt $ 71,000 $ 82,000   Owners’ equity       Common stock and paid-in surplus $ 42,000 $ 42,000       Accumulated retained earnings 227,896 250,000   Fixed assets...
SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017...
SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017 2018   Current assets   Current liabilities       Cash $ 24,056 $ 24,200       Accounts payable $ 23,284 $ 27,200       Accounts receivable 12,548 15,300       Notes payable 12,000 10,900       Inventory 25,592 27,200       Other 11,671 15,900         Total $ 62,196 $ 66,700         Total $ 46,955 $ 54,000   Long-term debt $ 90,000 $ 93,294   Owners’ equity       Common stock and paid-in surplus $ 42,000 $ 42,000       Accumulated retained earnings 208,936 242,706   Fixed assets...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2014 and 2015 Balance...
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 $ 24,096 $ 24,600 Accounts payable $ 23,684 $ 27,600 Accounts receivable 12,948 15,700 Notes payable 14,000 11,300 Inventory 26,242 27,600 Other 12,071 18,100 Total $ 63,286 $ 67,900 Total $ 49,755 $ 57,000 Long-term debt $ 74,000 $ 82,000 Owners’ equity Common stock and paid-in surplus $ 48,000...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2014 and 2015 Balance...
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 $ 23,056 $ 25,200 Accounts payable $ 24,284 $ 28,200 Accounts receivable 13,548 16,300 Notes payable 13,000 11,900 Inventory 26,982 28,200 Other 12,671 19,900 Total $ 63,586 $ 69,700 Total $ 49,955 $ 60,000 Long-term debt $ 80,000 $ 92,000 Owners’ equity Common stock and paid-in surplus $ 60,000...
Some recent financial statements for Smolira Golf Corp. follow.    SMOLIRA GOLF CORP. 2014 and 2015...
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 $ 24,106 $ 24,700       Accounts payable $ 23,784 $ 27,700       Accounts receivable 13,048 15,800       Notes payable 16,000 11,400       Inventory 26,342 27,700       Other 12,171 15,900         Total $ 63,496 $ 68,200         Total $ 51,955 $ 55,000   Long-term debt $ 75,000 $ 90,000   Owners’ equity       Common stock and paid-in surplus $...
Some recent financial statements for Smolira Golf Corp. follow.    SMOLIRA GOLF CORP. 2014 and 2015...
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 $ 23,066 $ 25,300       Accounts payable $ 24,384 $ 28,300       Accounts receivable 13,648 16,400       Notes payable 14,000 12,000       Inventory 27,152 28,300       Other 12,771 19,700         Total $ 63,866 $ 70,000         Total $ 51,155 $ 60,000   Long-term debt $ 81,000 $ 90,000   Owners’ equity       Common stock and paid-in surplus $...
Some recent financial statements for Smolira Golf Corp. follow.    SMOLIRA GOLF CORP. 2014 and 2015...
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 $ 24,096 $ 24,600       Accounts payable $ 23,684 $ 27,600       Accounts receivable 12,948 15,700       Notes payable 14,000 11,300       Inventory 26,242 27,600       Other 12,071 18,100         Total $ 63,286 $ 67,900         Total $ 49,755 $ 57,000   Long-term debt $ 74,000 $ 82,000   Owners’ equity       Common stock and paid-in surplus $...
Some recent financial statements for Smolira Golf Corp. follow.    SMOLIRA GOLF CORP. 2014 and 2015...
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 $ 24,076 $ 24,400       Accounts payable $ 23,484 $ 27,400       Accounts receivable 12,748 15,500       Notes payable 13,000 11,100       Inventory 25,742 27,400       Other 11,871 17,500         Total $ 62,566 $ 67,300         Total $ 48,355 $ 56,000   Long-term debt $ 72,000 $ 84,000   Owners’ equity       Common stock and paid-in surplus $...
Some recent financial statements for Smolira Golf Corp. follow.    SMOLIRA GOLF CORP. 2014 and 2015...
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 $ 23,076 $ 25,400       Accounts payable $ 24,484 $ 28,400       Accounts receivable 13,748 16,500       Notes payable 14,000 12,100       Inventory 27,252 28,400       Other 12,871 17,500         Total $ 64,076 $ 70,300         Total $ 51,355 $ 58,000   Long-term debt $ 82,000 $ 96,400   Owners’ equity       Common stock and paid-in surplus $...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT