Question 3. (25 marks) 2018 Some recent financial statements for Earl Grey Golf Corp. fellow EARL GREY GOLF CORP 2017 and 2018 Statement of Financial Position Assets Liabilities and Owners' Equity 2017 2018 2017 Current assets Current abilities Cash 5 24 236 28.000 Accounts payable $ 21.220 Accounts receivable 13.216 17.100 Notes payable 19,000 Inventory 25,584 29.000 Other 11543 Total $ 63,036 72.100 Total $ 51,763 Long-term debt $ 88.000 Owners' equity Common stock and paid in surplus $ 45.000 Retained earnings 131.341 Net plant and equipment 5253,068 364.900 Total $ 176,341 Totalt $316,104 437.000 Total Habites and owners equity $316,104 $ 29,000 10.900 18.300 $ 58,200 $ 100,800 $ 45,000 233,000 $ 278,000 $ 437,000 EARL GREY GOLF CORP 2018 Statement of Comprehensive Income Sales Cost of goods sold Depreciation Eamings before interest and tax Interest paid Taxable income Taxes (40%) Net income Dividends $ 29,000 Addition to retained earings 101.650 $ 537.395 257.000 48 800 5231596 13830 $217,765 87,106 $ 130,659 Earl Grey Golf Corp. has 20,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $21. a) What is the price-earnings ratio? b) What are the dividends per share? c) What is the market-to-book ratio at the end of 2018? d) If the company's growth rate is 8 %, what is the PEG ratio