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Assets Current assets Cash Accounts receivable Inventory Total 2020 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 $35,085 $38,480 18,151 28,396 3,820 42,912
Assets Current assets Cash Accounts receivable Inventory Total 2020 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 $35,085 $38,480 18,151 28,396 3,820 42,912 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other 2020 2021 $37,852 $ 42,932 19,708 16,725 20,494 25,194 $ 57,056 $109,788 Total $78,054 $84,851 Long-term debt $118,500 $181,793 Owners' equity Common stock and paid-in surplus $55,700 $55,700 Accumulated retained earnings 269,812 308,127 Fixed assets Net plant and equipment $465,010 $520,683 Total $ $325,512 363,827 Total assets $ 522,066 $ $ 630,471 Total liabilities and owners' equity $ 630,471 522,066 SMOLIRA GOLF CORPORATION 2021 Inama Contament SMOLIRA GOLF CORPORATION 2021 Income Statement $ Sales Cost of goods sold Depreciation 509,954 361,778 45,338 Earnings before interest and $ 102,838 taxes Interest paid Taxable income Taxes (22%) Net income 20,383 $82,455 18,140 Smolira Golf Corporation has 47,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2021 was $29. 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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the market-to-book ratio at the end of 2021? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. If the company's growth rate is 8 percent, what is the PEG ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) $64,315 a. Price-earnings ratio times b. Dividends per share Dividends $ 26,000 c. Market-to-book ratio times Retained earnings 38,315 d. PEG ratio times
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