Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 39,124 Accounts payable $ 39,182 29,026 Notes payable 20,408 43,192 Other 21,124 Current assets Cash Accounts receivable Inventory $ 43,282 $ 35,785 18,501 4,030 17,250 25,754 Total $ 58,316 $ 111,342 Total $ 80,714 $ 86,286 Long-term debt $122,000 $ 188,105 $ 56,400 Owners' equity Common stock and paid-in $ 56.400 surplus Accumulated retained 265,017 earnings 302,284 Fixed assets Net plant and equipment $465,815 $ 521,733 Total $ 321,417 $358,684 Total assets $ 524,131 $633,075 Total liabilities and owners' equity $ 524,131 $633,075 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $ 513,454 364,228 46,213 Earnings before interest and taxes Interest paid $ 103,013 21,083 Taxable income Taxes (24%) $. 81,930 19,663 Net income $ 62,267 Dividends Retained earnings $25,000 37,267 Smolira Golf Corp. has 54,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $31. a. What is the price-earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What are the dividends per share? (Round your answer to 2 decimal places, e.g., 32.16.) c. What is the market-to-book ratio at the end of 2018? (Round your answer to 2 decimal places, e.g., 32.16.) d. If the company's growth rate is 7 percent, what is the PEG ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) times a. Price-earnings ratio b. Dividends per share c. Market-to-book ratio d. PEG ratio times times