Problem 3-29 Market Value Ratios (Further abridged) Some recent financial statements for Smolira Oor Corp follow SMOLIRA GOLF 2011 and 2012 Balance Sheets Assets 2011 2012 2012 Current assets Cash Accounts receivable Inventory Liabides and Owners Equity 2011 Current sites Accounts payable $ 25.084 Noles payablo 19,000 Other 13.471 $ 24,236 14,348 27 892 3 26,000 17,100 29,000 $ 29,000 12.700 18.30 Total 5 66.476 S 72.100 Total S 5T 535 5 60.000 $ 8.000 $ 99.000 Long-term debt Owners' equity Common stock and paid in surplus Accumulated reared earrings $45.000 219.616 $ 45,000 233,000 Fixed assets Net plant and equipment $343,695 $384.900 TO 5261810 $278.000 5410,171 $437.000 Total assets $410,171 Total liabilities and owners equity S437,000 mheducation.com/hr.toxPlodo-C15Print View&wid=13252717869178279&role student&pid=36847820_5230372195_1121324101 Assignment Print View 11/2/21, 10:57 AM SMOLIRA GOLF. INO. 2012 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (40%) 3392.640 257,000 48.800 $ 86,840 16.200 $ 70,040 28,256 Net Income $.42.384 Dividends Retained earnings $28.000 13 384 Smolira Golf Corp. has 20.000 shares of common stock outstanding, and the market price for a stock at the end of 2012 was $21 What is the price-earnings ratio? (Do not round intermediate calculations and round your fin to 2 decimal places. (e.g. 32.16)) Price-earnings ratio times