SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 34,385 $ 37,837 Accounts payable $ 36,722 $ 42,582 Accounts receivable 17,801 27,766 Notes payable 19,008 16,200 Inventory 36,310 42.632 Other 19,864 24,634 Total $ 88,496 $108,235 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 $ 362,217 $399,452 Net plant and equipment Total assets $552,811 $627,868 Total liabilities and $ 552,811 $627,868 owners' equity SMOLIRA GOLF CORP. 2018 Income Statement Sales $ 506,454 Cost of goods sold 359,328 44.463 Depreciation Earnings before interest and taxes Interest paid $ 102,663 19,683 Taxable income $ 82,980 Taxes (25%) 20,745 Net income $ 62,235 Dividends $ 25,000 Retained earnings 37,235 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