n. Return on equily LO 3 36. DuPont Identity. Construct the DuPont identity for Smolira Golf. LO 2 37. Market Value Ratios. Smolira Golf has 10,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2014 was $73. What is the price-earnings ratio? What is the price-sales ratio? What are the dividends per share? What is the market-to-book ratio at the end of 2014? L02 38. Interpreting Financial Ratios. After calculating the ratios for Smolira Golf, you have uncovered the following industry ratios for 2014: Median Lower Quartile 1.3 2.1 .25 8.4% Current ratio Total asset turnover Debt-equity ratio Profit margin Upper Quartile 5.3 4.1 .60 16.3% 2.6 2.7 .50 11.9% SMOLIRA GOLF, INC. 2014 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes S205,227 138,383 5,910 $ 60,934 1,617 $ 59,317 20,760 $ 38,557 Net income Dividends Retained earnings $14,300 24,257 2014 SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2013 and 2014 2013 2013 2014 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 4,607 $ 4,910 Accounts payable $ 3,413 Accounts receivable 6,702 8,149 Notes payable 2,768 Inventory 17,357 19,350 Other 138 Total $28,666 $ 32,409 Total S 6,319 Long-term debt $22,500 Owners' equity Common stock and paid-in surplus $38,000 Fixed assets Accumulated retained earnings 20,535 Net plant and equipment 58,688 76,810 $58,535 Total assets $87,354 $109,219 Total liabilities and owners' equity $87.354 $ 3,846 3,416 165 S 7,427 $ 19,000 $ 38,000 44,792 S 82,792 $109,219 Total