Some recent financial statements for Earl Grey Golf Corp. follow. Current assets Cash Accounts receivabl 12,448 e EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Assets Liabilities and Owners' Equity 2017 2017 2018 Fixed assets 15,235 Inventory 25,392 27,155 Total $ 61,886 $ 66,645 Net plant and equipment Total assets $ 24,046 $ 24, 255 $ Ś 324,69 5 386,58 1 2018 $ Sales Cost of goods sold Depreciation $ 365,73 4 432,37 9 Current liabilitie S Accounts payable Notes payable Total liabilitie s and owners' equity Earnings before interest and taxes Interest paid Taxable income Taxes (35%) $ 23,184 Other Total Long-term debt Owners' equity Common stock and paid-in surplus Retained 219,82 earnings Total 6 259,82 6 12,000 11,571 $ 46,755 $ 80,000 $ 40,000 $ $ EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income 386,58 1 $ 27,420 10,800 15,553 $ 53,773 $ 95,000 $ 40,000 $ $ $366,996 253,122 32,220 $ 81,654 14,300 $ 67,354 23,574 243,60 6 283,60 6 432,37 9 Net income Dividends Additions to retained earnings Earl Grey Golf Corp. has 25,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $43. What is the price-earnings ratio? (Round the intermediate calculations to 2 decimal places. Round the final answer to 2 decimal places.) $20,000 23,780 Price-earnings ratio What are the dividends per share? (Round the final answer to 2 decimal places. Omit $ sign in your response.) Dividends $ per share What is the market-to-book ratio at the end of 2018? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Market-to-book ratio times PEG ratio $ 43,780 times times If the company's growth rate is 9%, what is the PEG ratio? (Round the intermediate calculations to 2 decimal places. Round the final answer to 2 decimal places.)
Some recent financial statements for Earl Grey Golf Corp. follow. Current assets Cash Accounts receivabl 12,448 e EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Assets Liabilities and Owners' Equity 2017 2017 2018 Fixed assets 15,235 Inventory 25,392 27,155 Total $ 61,886 $ 66,645 Net plant and equipment Total assets $ 24,046 $ 24, 255 $ Ś 324,69 5 386,58 1 2018 $ Sales Cost of goods sold Depreciation $ 365,73 4 432,37 9 Current liabilitie S Accounts payable Notes payable Total liabilitie s and owners' equity Earnings before interest and taxes Interest paid Taxable income Taxes (35%) $ 23,184 Other Total Long-term debt Owners' equity Common stock and paid-in surplus Retained 219,82 earnings Total 6 259,82 6 12,000 11,571 $ 46,755 $ 80,000 $ 40,000 $ $ EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income 386,58 1 $ 27,420 10,800 15,553 $ 53,773 $ 95,000 $ 40,000 $ $ $366,996 253,122 32,220 $ 81,654 14,300 $ 67,354 23,574 243,60 6 283,60 6 432,37 9 Net income Dividends Additions to retained earnings Earl Grey Golf Corp. has 25,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $43. What is the price-earnings ratio? (Round the intermediate calculations to 2 decimal places. Round the final answer to 2 decimal places.) $20,000 23,780 Price-earnings ratio What are the dividends per share? (Round the final answer to 2 decimal places. Omit $ sign in your response.) Dividends $ per share What is the market-to-book ratio at the end of 2018? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Market-to-book ratio times PEG ratio $ 43,780 times times If the company's growth rate is 9%, what is the PEG ratio? (Round the intermediate calculations to 2 decimal places. Round the final answer to 2 decimal places.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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Transcribed Image Text:Some recent financial statements for Earl Grey Golf Corp. follow.
EARL GREY GOLF CORP.
2017 and 2018 Statement of Financial Position
Assets
Liabilities and Owners' Equity
2017
2018
2017
Current
assets
Cash
Accounts
receivabl 12,448
e
Fixed
assets
15, 235
Inventory 25,392
27,155
Total $ 61,886 $ 66,645
Net plant
and
equipment
$ 24,046
Total
assets
$386,58
1
2018
$ 24, 255
$324,65 $365,73
Sales
Cost of goods sold
Depreciation
$
432,37
9
Current
liabilitie
S
Accounts
payable
Notes
payable
12,000
11,571
Total $46,755
$ 80,000
Other
Long-term
debt
Owners'
equity
Earnings before interest and taxes
Interest paid
Taxable income
Taxes (35%)
Common
stock
and
$ 23,184 $ 27,420
Total
liabilitie
s and
owners'
equity
$40,000
paid-in
surplus
Retained 219,82
earnings
Total
6
$
259,82
6
EARL GREY GOLF CORP.
2018 Statement of Comprehensive Income
386,58
1
$366,996
253, 122
32,220
$ 81,654
10,800
15,553
$ 53,773
$ 95,000
$ 40,000
$
$
14,300
$ 67,354
23,574
243, 60
6
283, 60
6
432, 37
Net income
Dividends
Additions to retained earnings
$20,000
23,780
Earl Grey Golf Corp. has 25,000 shares of common stock outstanding, and
the market price for a share of stock at the end of 2018 was $43.
$43,780
What is the price-earnings ratio? (Round the intermediate calculations to 2
decimal places. Round the final answer to 2 decimal places.)
Price-earnings ratio
times
What are the dividends per share? (Round the final answer to 2 decimal
places. Omit $ sign in your response.)
Dividends $
per share
What is the market-to-book ratio at the end of 2018? (Do not round
intermediate calculations. Round the final answer to 2 decimal places.)
Market-to-book ratio
PEG ratio
times
If the company's growth rate is 9%, what is the PEG ratio? (Round the
intermediate calculations to 2 decimal places. Round the final answer to 2
decimal places.)
times
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