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Assets 2014 2015 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 Current liabilities $ 26,100 Accounts payable $ 25,184 17,200 Notes payable 20,000 29,100 Other 13,571 Current assets Cash Accounts receivable Inventory $ 24,246 14,448 27,992 $ 29,100 12,800 18,100 Total $ 66,686 $ 72,400 Total $ 58,755 $ 60,000 $ 89,000 $101,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 50,000 213,626 $ 50,000 226,000 Fixed assets Net plant and equipment $344,695 $364,600 Total $263,626 $276,000 Total assets $ 411,381 $437,000 Total liabilities and owners' equity $ 411,381 $437,000 SMOLIRA GOLF CORP. 2015 Income Statement Sales Cost of goods sold Depreciation $360,968 262,500 29,200 Earnings before interest and taxes | Interest paid $ 69,268 16,300 Taxable income | Taxes (20%) $ 52,968 10,594 I Net income $ 42,374 Dividends Retained earnings $30,000 12,374 Smolira Golf Corp. has 40,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2015 was $30. What is the price-earnings ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Price-earnings ratio times What are the dividends per share? (Round your answer to 2 decimal places, e.g., 32.16.) Dividends per share What is the market-to-book ratio at the end of 2015? (Round your answer to 2 decimal places, e.g., 32.16.) Market-to-book ratio times If the company's growth rate is 8 percent, what is the PEG ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) PEG ratio times Assets 2014 2015 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 Current liabilities $ 25,300 Accounts payable $ 24,384 16,400 Notes payable 14,000 28,300 Other 12,771 Current assets Cash Accounts receivable Inventory $ 23,066 13,648 27,152 $ 28,300 12,000 19,700 Total $ 63,866 $ 70,000 Total $ 51,155 $ 60,000 $ 81,000 $ 90,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 55,000 213,406 $ 55,000 229,000 Fixed assets Net plant and equipment $336,695 $364,000 Total $268,406 $284,000 Total assets $400,561 $434,000 Total liabilities and owners' equity $400,561 $434,000 SMOLIRA GOLF CORP. 2015 Income Statement Sales Cost of goods sold Depreciation $333,706 215,200 49,300 Earnings before interest and taxes Interest paid $ 69,206 15,500 Taxable income Taxes (30%) $ 53,706 16,112 Net income $ 37,594 Dividends Retained earnings $22,000 15,594 Smolira Golf Corp. has 40,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2015 was $42. What is Tobin's Q for Smolira Golf? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Tobin's
