Smolira Golf Corporation has 42,000 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 7 percent, what is the PEG ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Price-earnings ratio b. Dividends per share $ c. Market-to-book ratio d. PEG ratio 17.55 times 0.60 times 2.51 times Some recent financial statements for Smolira Golf Corporation follow. es Assets Current assets Cash Accounts receivable Inventory Total SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities 2020 $34,585 $38,020 17,901 27,946 3,670 42,712 $ 56,156 $108,678 Fixed assets Net plant and equipment $464,435 $ 519,933 Total assets SMOLIRA GOLF CORPORATION 2021 Income Cint $ 520,591 $628,611 Total liabilities and owners' equity Sales Cost of goods sold Depreciation Accounts payable Notes payable Other Taxable income Taxes (22%) Net income Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Earnings before interest and taxes Interest paid Dividends Retained earnings SMOLIRA GOLF CORPORATION 2021 Income Statement 2020 2021 $36,902 $42,682 19,208 $ 25,000 39,607 16,350 20,044 24,794 $76,154 $83,826 $116,000 $176,741 $ 55,200 $ 55,200 273,237 312,844 $328,437 368,044 $ 520,591 $628,611 $ 507,454 360,028 44,713 $102,713 19,883 $82,830 18,223 $ 64,607 Smolira Golf Corporation has 42,000 shares of common stants market wi

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Your Question:
Stepwise
Smolira Golf Corporation has 42,000 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 7 percent, what is the PEG ratio? (Do not round
intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
a. Price-earnings ratio
b. Dividends per share $
c. Market-to-book ratio
d. PEG ratio
17.55 times
0.60
times
2.51 times
Transcribed Image Text:Smolira Golf Corporation has 42,000 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 7 percent, what is the PEG ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Price-earnings ratio b. Dividends per share $ c. Market-to-book ratio d. PEG ratio 17.55 times 0.60 times 2.51 times
Some recent financial statements for Smolira Golf Corporation follow.
es
Assets
Current assets
Cash
Accounts receivable
Inventory
Total
SMOLIRA GOLF CORPORATION
2020 and 2021 Balance Sheets
2021 Liabilities and Owners' Equity
Current liabilities
2020
$34,585 $38,020
17,901
27,946
3,670
42,712
$ 56,156 $108,678
Fixed assets
Net plant and equipment $464,435 $ 519,933
Total assets
SMOLIRA GOLF CORPORATION
2021 Income Cint
$ 520,591 $628,611 Total liabilities and owners' equity
Sales
Cost of goods sold
Depreciation
Accounts payable
Notes payable
Other
Taxable income
Taxes (22%)
Net income
Total
Long-term debt
Owners' equity
Common stock and paid-in surplus
Accumulated retained earnings
Total
Earnings before interest and
taxes
Interest paid
Dividends
Retained earnings
SMOLIRA GOLF CORPORATION
2021 Income Statement
2020
2021
$36,902 $42,682
19,208
$ 25,000
39,607
16,350
20,044 24,794
$76,154 $83,826
$116,000 $176,741
$ 55,200 $ 55,200
273,237 312,844
$328,437
368,044
$ 520,591 $628,611
$
507,454
360,028
44,713
$102,713
19,883
$82,830
18,223
$ 64,607
Smolira Golf Corporation has 42,000 shares of common stants
market wi
Transcribed Image Text:Some recent financial statements for Smolira Golf Corporation follow. es Assets Current assets Cash Accounts receivable Inventory Total SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities 2020 $34,585 $38,020 17,901 27,946 3,670 42,712 $ 56,156 $108,678 Fixed assets Net plant and equipment $464,435 $ 519,933 Total assets SMOLIRA GOLF CORPORATION 2021 Income Cint $ 520,591 $628,611 Total liabilities and owners' equity Sales Cost of goods sold Depreciation Accounts payable Notes payable Other Taxable income Taxes (22%) Net income Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Earnings before interest and taxes Interest paid Dividends Retained earnings SMOLIRA GOLF CORPORATION 2021 Income Statement 2020 2021 $36,902 $42,682 19,208 $ 25,000 39,607 16,350 20,044 24,794 $76,154 $83,826 $116,000 $176,741 $ 55,200 $ 55,200 273,237 312,844 $328,437 368,044 $ 520,591 $628,611 $ 507,454 360,028 44,713 $102,713 19,883 $82,830 18,223 $ 64,607 Smolira Golf Corporation has 42,000 shares of common stants market wi
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