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please help me with problems 26 and 29 regarding ratios Page 88 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity

please help me with problems 26 and 29 regarding ratios image text in transcribedimage text in transcribedimage text in transcribed

Page 88 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2017 2018 2018 Current assets Current liabilities Cash $ 34,385 $ 37,837 Accounts payable $ 36,722 $ 42,582 Accounts receivable Notes payable 19,008 16,200 Inventory 17,801 36,310 $ 88,496 27,766 42,632 $108.235 Other 19,864 24,634 Total Total $ 75,594 $ 83,416 Long-term debt $ 115,000 $145,000 Owners' equity $ 55,000 $ 55,000 Common stock and paid-in surplus Fixed assets 307.217 344.452 Accumulated retained earnings 464,315 519,633 Total S 362.217 $399,452 Net plant and equipment Total assets $552,811 $627,868 $ 552,811 $627,868 Total liabilities and owners' equity SMOLIRA GOLF CORP. 2018 Income Statement Sales $ 506,454 359,328 Cost of goods sold Depreciation 44,463 Earnings before interest and taxes $ 102,663 Interest paid 19,683 Taxable income $ 82,980 Taxes (25%) 20,745 Net income $ 62,235 Dividends $ 25,000 Retained earnings 37,235 26. Calculating Financial Ratios (LO2] Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): 26. Calculating Financial Ratios [LO2] Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): Short-term solvency ratios: a. Current ratio. b. Quick ratio. c. Cash ratio. Asset utilization ratios: d. Total asset turnover. e. Inventory turnover. f. Receivables turnover. Long-term solvency ratios: g. Total debt ratio. h. Debt-equity ratio. Page 89 i. Equity multiplier. j. Times interest earned ratio. k. Cash coverage ratio. Profitability ratios: 1. Profit margin. m. Return on assets. n. Return on equity. 29. Market Value Ratios [LO2] Smolira Golf Corp. has 20,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $58. What is the price-earnings ratio? What are the dividends per share? What is the market-to-book ratio at the end of 2018? If the company's growth rate is 9 percent, what is the PEG ratio

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