Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP

Question

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 Accounts receivable Inventory $ 24,136 13,348 26,722 $ 25,000 16,100 28,000 Accounts payable Notes payable Other $ 24,084 19,000 12,471 $ 28,000 11,700 18,300 Total $ 64,206 $ 69,100 Total $ 55,555 $ 58,000 $ 78,000 $ 89,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings 60,000 204,346 $ 60,000 226,000 Fixed assets Net plant and equipment Total assets $333,695 $363,900 Total $264,346 $286,000 $397,901 $433,000 Total liabilities and owners' equity $397,901 $433,000 SMOLIRA GOLF CORP 2015 Income Statement Sales Cost of goods sold Depreciation $383,818 257,000 48,300 Earnings before interest and taxes Interest paid $ 78,518 15,200 Taxable income Taxes (20%) $ 63,318 12,664 Net income $50,654 Dividends Retained earnings $29,000 21,654

Explanation / Answer

Figures in $

Particulars

Amount

Market price per share

a

37

Net income

b

50654

Shares of common stock outstanding

c

20000

Earnings per share    (b/c)

d

2.5327

P/E ratio     (a/d)

14.60892

Answer 2

Figures in $

Dividends

a

29000

Shares of common stock outstanding

b

20000

Dividends per share   (a/b)

1.45

Answer 3

Figures in $

Particulars

Amount

Market price per share

a

37

Owner's equity

b

264346

Shares of common stock outstanding

c

20000

Book value per share    (b/c)

d

13.2173

Market to book ratio     (a/d)

2.799361

Answer 4

Figures in $

Particulars

Amount

Market price per share

a

37

Net income

b

50654

Shares of common stock outstanding

c

20000

Earnings per share    (b/c)

d

2.5327

P/E ratio     (a/d)

e

14.60892

Growth rate (%)

f

8

PEG ratio   (e/f)

1.826115

Figures in $

Particulars

Amount

Market price per share

a

37

Net income

b

50654

Shares of common stock outstanding

c

20000

Earnings per share    (b/c)

d

2.5327

P/E ratio     (a/d)

14.60892

Answer 2

Figures in $

Dividends

a

29000

Shares of common stock outstanding

b

20000

Dividends per share   (a/b)

1.45

Answer 3

Figures in $

Particulars

Amount

Market price per share

a

37

Owner's equity

b

264346

Shares of common stock outstanding

c

20000

Book value per share    (b/c)

d

13.2173

Market to book ratio     (a/d)

2.799361

Answer 4

Figures in $

Particulars

Amount

Market price per share

a

37

Net income

b

50654

Shares of common stock outstanding

c

20000

Earnings per share    (b/c)

d

2.5327

P/E ratio     (a/d)

e

14.60892

Growth rate (%)

f

8

PEG ratio   (e/f)

1.826115

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