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Problem 3-29 Market Value Ratios (LO2) Some recent financial statements for Smolira Golf Corp. follow, Assets 2014 2015 Current assets Cash Accounts receivable Inventory Total

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Problem 3-29 Market Value Ratios (LO2) Some recent financial statements for Smolira Golf Corp. follow, Assets 2014 2015 Current assets Cash Accounts receivable Inventory Total $ 24,226 14,248 27.802 $ 28,900 12,600 17.500 $ 66,276 SMOLIRA GOLF CORP 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 Current liabilities $ 25,900 Accounts payable $ 24,984 17,000 Notes payable 17.000 28,900 Other 13,371 $ 71,800 Total $ 55,355 Long-term debt $ 124,000 Owners' equity Common stock and paid-in surplus $ 60,000 Accumulated retained earnings 169,616 $364 200 Total $229,616 $436,000 Total liabilities and owners' equity $408,971 $ 59,000 $132,000 $ 60,000 185,000 $245,000 $436,000 Fixed assets Net plant and equipment $342.695 Total assets $408.971 SMOLIRA GOLF CORP 2015 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid $390,477 261,500 50,900 $ 78,077 16,100 Taxable income Taxes (30%) $ 61,977 18,593 Net income $ 43,384 Dividends Retained earnings $28,000 15,384 16.100 Interest paid Taxable income Taxes (30%) Net income $ 61,977 18,593 $ 43,384 Dividends Retained earnings $28,000 15,384 Smolira Golf Corp. has 35,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2015 was $23. What is the price-earnings ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Price-earnings ratio times What are the dividends per share? (Round your answer to 2 decimal places, e.g. 32.16.) Dividends per share What is the market-to-book ratio at the end of 2015? (Round your answer to 2 decimal places, ..., 32.16.) Market-to-book ratio times If the company's growth rate is 9 percent, what is the PEG ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g. 32.16.) PEG ratio times

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