Homework Answers
Earnings per share = Net income / Number of shares
outstanding
Earnings per share = $130,659 / 20,000
Earnings per share = $6.53
Price-earnings ratio = Market price per share / Earnings per
share
Price-earnings ratio = $21.00 / $6.53
Price-earnings ratio = 3.22 times
Dividends per share = Dividends / Number of shares
outstanding
Dividends per share = $29,000 / 20,000
Dividends per share = $1.45
Book value per share = Total owners’ equity / Number of shares
outstanding
Book value per share = $278,000 / 20,000
Book value per share = $13.90
Market-to-book ratio = Market price per share / Book value per
share
Market-to-book ratio = $21.00 / $13.90
Market-to-book ratio = 1.51 times
PEG ratio = Price-earnings ratio / Growth rate
PEG ratio = 3.22 / 8
PEG ratio = 0.40 times
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Some recent financial statements for Earl Grey Golf Corp. follow. 2018 EARL GREY GOLF CORP. 2017...
Check my work Some recent financial statements for Earl Grey Golf Corp. follow. 2018 EARL GREY...
Check my work Some recent financial statements for Earl Grey Golf Corp. follow. 2018 EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Assets Liabilities and Owners' Equity 2017 2018 2017 Current assets Current liabilities Cash $ 24,046 $ 24, 255 Accounts payable $ 23,184 Accounts receivable 12,448 15, 235 Notes payable 12,000 Inventory 25,392 27,155 Other 11,571 Total $ 61,886 $ 66, 645 Total $ 46, 755 Long-term debt $ 80,000 Fixed assets Owners' equity Net plant...
Some recent financial statements for Earl Grey Golf Corp. follow. Assets 2017 2018 Current assets Cash...
Some recent financial statements for Earl Grey Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory Total EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Liabilities and Owners' Equity 2017 2018 Current liabilities $ 24,046 $ 24,255 Accounts payable $ 23, 184 12,448 15, 235 Notes payable 12,000 25,392 27,155 Other 11,571 $ 61,886 $ 66,645 Total $ 46,755 Long-term debt $ 80,000 Owners' equity $324,695 $365,734 Common stock and paid-in surplus $ 40,000...
Some recent financial statements for Earl Grey Golf Corp. follow. Assets 2018 Current assets Cash Accounts...
Some recent financial statements for Earl Grey Golf Corp. follow. Assets 2018 Current assets Cash Accounts receivable Inventory Total EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Liabilities and Owners' Equity 2017 2018 2017 Current liabilities $ 24,046 $ 24,255 Accounts payable $ 23,184 12,448 15, 235 Notes payable 12,000 25,392 27,155 Other 11,571 $ 61,886 $ 66,645 Total $ 46,755 Long-term debt $ 80,000 Owners' equity $324,695 $365,734 Common stock and paid-in surplus $ 40,000 Retained...
Some recent financial statements for Earl Grey Golf Corp. follow EARL GREY GOLF CORP 2014 and...
Some recent financial statements for Earl Grey Golf Corp. follow EARL GREY GOLF CORP 2014 and 2015 Statement of Financial Position Liabilities and Owners' Equity 2014 Assets 2014 2015 2015 Current assets Current liabilities Cash Accounts receivable Inventory $ 24,046 12,448 25,392 $ 24,255 15,235 27,155 Accounts payable Notes payable Other $ 23,184 12,000 11,571 $ 27,420 10,800 15,553 Total $ 61,886 $66,645 Total $ 46,755 $ 53,773 Long-term debt Owners' equity $ 80,000 $ 95,000 Common stock and paid-in...
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017...
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 39,492 Accounts payable $ 39,942 29,386 Notes payable 20,808 43,352 Other 21,484 Current assets Cash Accounts receivable Inventory $ 36,185 18,701 4,150 $ 43,482 17,550 26,074 Total $ 59,036 $ 112,230 Total $ 82,234 $ 87,106 Long-term debt $124,000 $ 190,525 $ 56,800 $ 56,800 Owners' equity Common stock and paid-in...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018 Balance...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity Assets 2017 2017 2018 2018 Current liabilities Current assets $ 42,632 $34,485 $37,928 $36,712 Cash Accounts payable Accounts Notes payable 17,851 27,856 19,108 16,275 receivable Other Inventory 3,640 42,672 19,954 24,714 $55,976 $108,456 $75,774 Total 83,621 Total $115,500 $174,101 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $55,100 55,100 273,922 315,417 Fixed assets Net plant...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 24,246 $ 26,100 Accounts payable $ 25,184 $ 29,100 Accounts receivable 14,448 17,200 Notes payable 20,000 12,800 Inventory 27,992 29,100 Other 13,571 18,100 Total $ 66,686 $ 72,400 Total $ 58,755 $ 60,000 Long-term debt $ 89,000 $ 103,648 Owners’ equity Common stock and paid-in surplus $...
Some recent financial statements for Smolira Golf Corp. follow. 2017 and 2018 Balance Sheets Assets Liabilities...
Some recent financial statements for Smolira Golf Corp. follow. 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash Accounts $39,216 Accounts payable $35,88539.216 29,116 406043,232 $ 39,37243,332 17,325 25,834 18,551 Notes payable Other 20,508 21,214 receivable Inventory Total $58,496111,564 81,09486,491 Total Long-term debt Owners' equity $122,500190,733 Common stock and paid-in $ 56,500 $56,500 surplus Accumulated retained 264,332299,723 earnings Fixed assets Net plant and equipment $465,930$521,883 Total $320,832$356,223 Total liabilities and...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2014 and 2015 Balance...
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 $ 23,066 $ 25,300 Accounts payable $ 24,384 $ 28,300 Accounts receivable 13,648 16,400 Notes payable 14,000 12,000 Inventory 27,152 28,300 Other 12,771 19,700 Total $ 63,866 $ 70,000 Total $ 51,155 $ 60,000 Long-term debt $ 81,000 $ 90,000 Owners’ equity Common stock and paid-in surplus $ 55,000...
Some recent financial statements for Smolira Golf Corp. follow Assets 2018 2017 $ Current assets Cash...
Some recent financial statements for Smolira Golf Corp. follow Assets 2018 2017 $ Current assets Cash Accounts receivable Inventory $ 24,246 14.448 27,992 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 26,100 Accounts payable $ 25,184 17,200 Notes payable 20,000 29,100 Other 13,571 $ 72,400 Total $ 58,755 Long-term debt $ 89,000 29,100 12,800 18,100 Total $ 66,686 $ 60,000 $ 101,000 $ 50.000 Owners' equity Common stock and paid-in $...
Check my work Some recent financial statements for Earl Grey Golf Corp. follow. 2018 EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Assets Liabilities and Owners' Equity 2017 2018 2017 Current assets Current liabilities Cash $ 24,046 $ 24, 255 Accounts payable $ 23,184 Accounts receivable 12,448 15, 235 Notes payable 12,000 Inventory 25,392 27,155 Other 11,571 Total $ 61,886 $ 66, 645 Total $ 46, 755 Long-term debt $ 80,000 Fixed assets Owners' equity Net plant...
Some recent financial statements for Earl Grey Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory Total EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Liabilities and Owners' Equity 2017 2018 Current liabilities $ 24,046 $ 24,255 Accounts payable $ 23, 184 12,448 15, 235 Notes payable 12,000 25,392 27,155 Other 11,571 $ 61,886 $ 66,645 Total $ 46,755 Long-term debt $ 80,000 Owners' equity $324,695 $365,734 Common stock and paid-in surplus $ 40,000...
Some recent financial statements for Earl Grey Golf Corp. follow. Assets 2018 Current assets Cash Accounts receivable Inventory Total EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Liabilities and Owners' Equity 2017 2018 2017 Current liabilities $ 24,046 $ 24,255 Accounts payable $ 23,184 12,448 15, 235 Notes payable 12,000 25,392 27,155 Other 11,571 $ 61,886 $ 66,645 Total $ 46,755 Long-term debt $ 80,000 Owners' equity $324,695 $365,734 Common stock and paid-in surplus $ 40,000 Retained...
Some recent financial statements for Earl Grey Golf Corp. follow EARL GREY GOLF CORP 2014 and 2015 Statement of Financial Position Liabilities and Owners' Equity 2014 Assets 2014 2015 2015 Current assets Current liabilities Cash Accounts receivable Inventory $ 24,046 12,448 25,392 $ 24,255 15,235 27,155 Accounts payable Notes payable Other $ 23,184 12,000 11,571 $ 27,420 10,800 15,553 Total $ 61,886 $66,645 Total $ 46,755 $ 53,773 Long-term debt Owners' equity $ 80,000 $ 95,000 Common stock and paid-in...
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 39,492 Accounts payable $ 39,942 29,386 Notes payable 20,808 43,352 Other 21,484 Current assets Cash Accounts receivable Inventory $ 36,185 18,701 4,150 $ 43,482 17,550 26,074 Total $ 59,036 $ 112,230 Total $ 82,234 $ 87,106 Long-term debt $124,000 $ 190,525 $ 56,800 $ 56,800 Owners' equity Common stock and paid-in...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity Assets 2017 2017 2018 2018 Current liabilities Current assets $ 42,632 $34,485 $37,928 $36,712 Cash Accounts payable Accounts Notes payable 17,851 27,856 19,108 16,275 receivable Other Inventory 3,640 42,672 19,954 24,714 $55,976 $108,456 $75,774 Total 83,621 Total $115,500 $174,101 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $55,100 55,100 273,922 315,417 Fixed assets Net plant...
Some recent financial statements for Smolira Golf Corp. follow. 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash Accounts $39,216 Accounts payable $35,88539.216 29,116 406043,232 $ 39,37243,332 17,325 25,834 18,551 Notes payable Other 20,508 21,214 receivable Inventory Total $58,496111,564 81,09486,491 Total Long-term debt Owners' equity $122,500190,733 Common stock and paid-in $ 56,500 $56,500 surplus Accumulated retained 264,332299,723 earnings Fixed assets Net plant and equipment $465,930$521,883 Total $320,832$356,223 Total liabilities and...
Some recent financial statements for Smolira Golf Corp. follow Assets 2018 2017 $ Current assets Cash Accounts receivable Inventory $ 24,246 14.448 27,992 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 26,100 Accounts payable $ 25,184 17,200 Notes payable 20,000 29,100 Other 13,571 $ 72,400 Total $ 58,755 Long-term debt $ 89,000 29,100 12,800 18,100 Total $ 66,686 $ 60,000 $ 101,000 $ 50.000 Owners' equity Common stock and paid-in $...
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