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Smolira Golf Corp. has 46,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was

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Smolira Golf Corp. has 46,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $28.

a.

What is the price-earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b. What are the dividends per share? (Round your answer to 2 decimal places, e.g., 32.16.)
c. 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 companys growth rate is 7 percent, what is the PEG ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
SMOLIRA GOLF COR 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities $34,985 $ 38,388 28,306 42,872 $ 56,876 $109,566 $37,662 $ 42,882 16,650 25,114 74 $84,646 $118,000 179,157 Cash Accounts Accounts payable Notes payable Other 18,101 19,608 receivable Inventory 3,790 20,404 Total $ 77,6 Total Long-term debt Owners' equity Common stock and paid-in $ 55,600 $55,60o surplus Accumulated retained 270,497 310,696 earnings Fixed assets Net plant and $464,895 $520,533 Total $326,097$366,296 equipment Total liabilities and owners' s 521,771 $630,099 Total assets 521,771 $630,099 SMOLIRA GOLF CORP 2018 Income Statement Sales Cost of goods sold Depreciation $509,454 361,428 45,213 Earnings before interest $ 102,813 20,283 $82,530 and taxes Interest paid Taxable income Taxes (21%) 17,331 Net income $ 65,199 Dividends Retained earnings $25,000 40,199

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