Smolira Golf Corp. has 20,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2015 was $24.

A.) What is Tobin's Q for Smolira Golf?

11. Some recent nancial statements for Smulire Golf Corp. fellow. Gumenteeeeta Gunentliahlies Geeh $ 24,006 $ 24,600 Accounts payable $ 20,604 $ 27,600 Amounts receivable 12,040 15,700 Notes payable 14,000 11,300 hven'tery 20,242 27,600 Other 12,071 10,100 Total $ 60,206 $ 67,000 Total $ 40,755 $ 57,000 Lang-term debt $ 74,000 $ 82,000 Owners" equity Genumnetoakandpaid-i'l aurpha $ 40,000 $ 40,000 Amumuleted retained eeminga. 221,226 242,000 Fwd eaeeta Net plant and equipment $320,605 $361,100 Total $260,226 $200,000 Total eeaete $302,001 $420,000 Total lirbiitiee and ownera' equity $302,001 $420,000 Salas 5414.293 Goat (If W said 265.51) Depreciation 57.700 Earnings before interest and taxes $ 01.090 Interest paid 14.81:!) Taxable income 5 76.291) Taxes (40%:I 00.516 Net ineume $ 45.774 Midlands 525.000 Re'ta'med eem'nge 20.774