SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $ 516,454 366,328 46,963 Earnings before interest and taxes Interest paid $ 103,163 21,683 Taxable income Taxes (25%) $ 81,480 20,370 Net income $ 61,110 Dividends Retained earnings $27,000 34,110 Smolira Golf Corp. has 60,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $26. a. What is the price-earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What are the dividends per share? (Round your answer to 2 decimal places, e.g., 32.16.) What is the market-to-book ratio at the end of 2018? (Round your answer to 2 decimal places, e.g., 32.16.) d. If the company's growth rate is 5 percent, what is the PEG ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) 11.80 times 0.45 $ a. Price-earnings ratio b. Dividends per share c. Market-to-book ratio d.PEG ratio times times Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 39,676 Accounts payable $ 40,322 29,566 Notes payable 21,008 43,432 Other 21,664 $ 36,385 18,801 4,210 $ 43,582 17,700 26,234 Total $ 59,396 $ 112,674 Total $ 82,994 $ 87,516 Long-term debt $ 125,000 $ 195,774 $ 57,000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 57,000 295,017 260,907 Fixed assets Net plant and equipment $466,505 $522,633 Total $ 317,907 $352,017 Total assets $ 525,901 $635,307 Total liabilities and owners' equity $ 525,901 $635,307 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $ 516,454 366,328 46,963 Earnings before interest and taxes Interest paid $ 103,163 21,683 Taxable income Taxes (25%) $ 81,480 20,370 + C1110