FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Ee.68.

 

Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Sales Cost of goods sold Depreciation EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position 2017 $ 24,046 12,448 25,392 $ 61,886 $324,695 $386,581 Earnings before interest and taxes Interest paid Taxable income Taxes (35%) Net income Dividends 2018 $ 24,255 15,235 27,155 $ 66,645 $365,734 EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income $432,379 $20.000 Current liabilities Accounts payable Notes payable Other Total Liabilities and Owners' Equity 2017 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity $366,996 253,122 32,220 $ 81,654 14,300 $ 67,354 23,574 $ 43,780 $ 23,184 12,000 11,571 $ 46,755 $ 80,000 $ 40,000 219,826 $259,826 $386,581 2018 $ 27,420 10,800 15,553 $ 53,773 $ 95,000 $ 40,000 243,606 $283,606 $432,379
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Transcribed Image Text:Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Sales Cost of goods sold Depreciation EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position 2017 $ 24,046 12,448 25,392 $ 61,886 $324,695 $386,581 Earnings before interest and taxes Interest paid Taxable income Taxes (35%) Net income Dividends 2018 $ 24,255 15,235 27,155 $ 66,645 $365,734 EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income $432,379 $20.000 Current liabilities Accounts payable Notes payable Other Total Liabilities and Owners' Equity 2017 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity $366,996 253,122 32,220 $ 81,654 14,300 $ 67,354 23,574 $ 43,780 $ 23,184 12,000 11,571 $ 46,755 $ 80,000 $ 40,000 219,826 $259,826 $386,581 2018 $ 27,420 10,800 15,553 $ 53,773 $ 95,000 $ 40,000 243,606 $283,606 $432,379
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.) Price-earnings ratio What are the dividends per share? (Round the final answer to 2 decimal places. Omit $ sign in your response.) Dividends Market-to-book ratio 24.56 times 23,780 0.80 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.) PEG ratio 7.23 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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Transcribed Image Text: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.) Price-earnings ratio What are the dividends per share? (Round the final answer to 2 decimal places. Omit $ sign in your response.) Dividends Market-to-book ratio 24.56 times 23,780 0.80 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.) PEG ratio 7.23 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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