What is the market-to-book ratio at the end of 2015 what


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 $ 24,126 $ 24,900 Accounts payable $ 23,984 $ 27,900 Accounts receivable 13,248 16,000 Notes payable 18,000 11,600 Inventory 26,542 27,900 Other 12,371 16,500 Total $ 63,916 $ 68,800 Total $ 54,355 $ 56,000 Long-term debt $ 77,000 $ 87,000 Owners’ equity Common stock and paid-in surplus $ 50,000 $ 50,000 Accumulated retained earnings 215,256 238,000 Fixed assets Net plant and equipment $ 332,695 $ 362,200 Total $ 265,256 $ 288,000 Total assets $ 396,611 $ 431,000 Total liabilities and owners’ equity $ 396,611 $ 431,000 SMOLIRA GOLF CORP. 2015 Income Statement Sales $ 392,907 Cost of goods sold 256,500 Depreciation 48,400 Earnings before interest and taxes $ 88,007 Interest paid 15,100 Taxable income $ 72,907 Taxes (40%) 29,163 Net income $ 43,744 Dividends $ 21,000 Retained earnings 22,744 Smolira Golf Corp. has 30,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2015 was $24. 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 9 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

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the market-to-book ratio at the end of 2015 what
Reference No:- TGS02383802

Expected delivery within 24 Hours