Homework Answers
a. Price earnings ratio is computed by using the below formula:
= Market price per share / Earnings per share
Market price per share = $ 27
Earnings per share is computed as follows:
= Net Income / Number of shares outstanding
= $ 65,495 / $ 41,000
= $ 1.5974 Approximately
So the PE ratio will be:
= $ 27 / $ 1.5974
= 16.90 Approximately
b. The dividends per share is computed as shown below:
= Dividends / Number of shares outstanding
= $ 24,000 / 41,000
= 0.59 per share
c. Market to book ratio is computed by using the below formula:
= Market price per share / Book value per share
Market price per share = $ 27
Book value per share is computed as follows:
= Equity / Number of shares outstanding
= $ 370,517 / 41,000
= $ 9.04 Approximately
So the market to book ratio will be:
= $ 27 / $ 9.04
= 2.99 Approximately
d. PEG ratio is computed by using the below formula:
= PE Ratio / growth rate
= 16.90 / 6
= 2.82 Approximately
Feel free to ask in case of any query relating to this question
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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. 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...
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 SMOLIRA GOLF CORP 2017 and 2018 Balance...
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 $ 24,056 24,200 15,300 27,200 $ 62,196 $66,700 $ 23,284 $ 27,200 10,900 15,900 $ 46,955 54,000 90,000 93,294 Accounts Inventory Total Accounts payable Notes payable Other 12,548 12,000 receivable 25,592 11,671 Total Long-term debt Owners' equity Common stock and paid-in $42,000 42,000 surplus Accumulated retained 208,936 242,706 earnings...
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 Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 24,056 24,200 15,300 27,200 $ 62,196 $66,700 $ 23,284 $ 27,200 10,900 15,900 $ 46,955 54,000 90,000 93,294 Accounts Inventory Total Accounts payable Notes payable Other 12,548 12,000 receivable 25,592 11,671 Total Long-term debt Owners' equity Common stock and paid-in $42,000 42,000 surplus Accumulated retained 208,936 242,706 earnings...
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 $...
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts...
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory $ 23,086 13,848 27,362 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 25,500 Accounts payable $ 24,584 16,600 Notes payable 15,000 28,500 Other 12,971 $ 70,600 Total $ 52,555 Long-term debt $ 55,000 $ 28,500 12.200 18,300 Total $ 64,296 $59.000 $ 49,383 $ 52,000 $ 52,000 Owners' equity Common stock and paid...
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of...
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2019 2018 2018 2019 Liabilities and Owners' Equity Assets Current assets Current liabilities $ 3,181 $ 3,257 4,762 5,771 12,498 13,772 $ 2,158 $ 2,610 1,755 2,126 Cash Accounts payable Notes payable Accounts receivable Inventory Other 91 108 $ 4,004 $ 4,844 $20,441 $22,800 Total Total Long-term debt Owners' equity $13,300 $16,060 Common stock 38,500 $38,500 $ and paid-in...
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
$
34,785
$
38,204
Accounts payable
$
37,282
$
42,782
Accounts receivable
18,001
28,126
Notes payable
19,408
16,500
Inventory
3,730
42,792
Other
20,224
24,954
Total
$
56,516
$
109,122
Total
$
76,914
$
84,236
Long-term debt
$
117,000
$
182,015
Owners’ equity
Common stock and paid-in
surplus
$...
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 Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 24,056 24,200 15,300 27,200 $ 62,196 $66,700 $ 23,284 $ 27,200 10,900 15,900 $ 46,955 54,000 90,000 93,294 Accounts Inventory Total Accounts payable Notes payable Other 12,548 12,000 receivable 25,592 11,671 Total Long-term debt Owners' equity Common stock and paid-in $42,000 42,000 surplus Accumulated retained 208,936 242,706 earnings...
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 $ 24,056 24,200 15,300 27,200 $ 62,196 $66,700 $ 23,284 $ 27,200 10,900 15,900 $ 46,955 54,000 90,000 93,294 Accounts Inventory Total Accounts payable Notes payable Other 12,548 12,000 receivable 25,592 11,671 Total Long-term debt Owners' equity Common stock and paid-in $42,000 42,000 surplus Accumulated retained 208,936 242,706 earnings...
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 $...
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory $ 23,086 13,848 27,362 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 25,500 Accounts payable $ 24,584 16,600 Notes payable 15,000 28,500 Other 12,971 $ 70,600 Total $ 52,555 Long-term debt $ 55,000 $ 28,500 12.200 18,300 Total $ 64,296 $59.000 $ 49,383 $ 52,000 $ 52,000 Owners' equity Common stock and paid...
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2019 2018 2018 2019 Liabilities and Owners' Equity Assets Current assets Current liabilities $ 3,181 $ 3,257 4,762 5,771 12,498 13,772 $ 2,158 $ 2,610 1,755 2,126 Cash Accounts payable Notes payable Accounts receivable Inventory Other 91 108 $ 4,004 $ 4,844 $20,441 $22,800 Total Total Long-term debt Owners' equity $13,300 $16,060 Common stock 38,500 $38,500 $ and paid-in...
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
$
34,785
$
38,204
Accounts payable
$
37,282
$
42,782
Accounts receivable
18,001
28,126
Notes payable
19,408
16,500
Inventory
3,730
42,792
Other
20,224
24,954
Total
$
56,516
$
109,122
Total
$
76,914
$
84,236
Long-term debt
$
117,000
$
182,015
Owners’ equity
Common stock and paid-in
surplus
$...
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