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