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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 $ 24,086 $ 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 company’s 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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