ncial statements for Golf Canada Corp. follow. Liabilities and Owners’ Equity 2022 2022 Current assets Current liabilities Cash $ 24,255 Accounts payable $ 27,420 Accounts receivable 15,235 Notes payable 10,800 Inventory 27,155 Other 15,553 Total $ 66,645 Total $ 53,773 Long-term debt $ 95,000 Fixed assets Owners’ equity Net plant and equipment $ 365,734 Common stock and paid-in surplus $ 40,000 Retained earnings 243,606 Total $ 283,606 Total assets $ 432,379 Total liabilities and owners’ equity $ 432,379 GOLF CANADA CORP. 2022 Statement of Comprehensive Income Sales $ 366,996 Cost of goods sold 253,122 Depreciation 32,220 Earnings before interest and taxes $ 81,654 Interest paid 14,300 Taxable income $ 67,354 Taxes (35%) 23,574 Net income $ 43,780 Dividends $ 20,000 Additions to retained earnings 23,780 Golf Canada Corp. has 25,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2022 was $43. (Show your calculation in handwritten and upload in one attachment) A. What is the price–earnings ratio? B. What are the dividends per share? C. What is the m
Some recent financial statements for Golf Canada Corp. follow. Liabilities and Owners’ Equity 2022 2022 Current assets Current liabilities Cash $ 24,255 Accounts payable $ 27,420 Accounts receivable 15,235 Notes payable 10,800 Inventory 27,155 Other 15,553 Total $ 66,645 Total $ 53,773 Long-term debt $ 95,000 Fixed assets Owners’ equity Net plant and equipment $ 365,734 Common stock and paid-in surplus $ 40,000
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