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SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 2014 Assets Liabilities and Owners Equity Current assets Current liabilities

SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2013 and 2014

2013

2014

2013

2014

Assets

Liabilities and Owners Equity

Current assets

Current liabilities

Cash

$

2,911

$

2,807

Accounts payable

$

2,203

$

2,700

Accounts receivable

4,717

5,681

Notes payable

1,800

2,216

Inventory

12,678

13,682

Other

100

117

Total

$

20,306

$

22,170

Total

$

4,103

$

5,033

Long-term debt

$

14,300

$

17,060

Owners equity

Common stock

and paid-in surplus

$

43,000

$

43,000

Fixed assets

Accumulated retained earnings

15,704

39,842

Net plant and equipment

$

56,801

$

82,765

Total

$

58,704

$

82,842

Total assets

$

77,107

$

104,935

Total liabilities and owners equity

$

77,107

$

104,935

SMOLIRA GOLF, INC. 2014 Income Statement

Sales

$

189,370

Cost of goods sold

127,203

Depreciation

5,233

EBIT

$

56,934

Interest paid

1,330

Taxable income

$

55,604

Taxes

19,461

Net income

$

36,143

Dividends

$

12,005

Retained earnings

24,138

Smolira Golf has 12,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2014 was $87.

Requirement 1:

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

Price-earnings ratio

times

Requirement 2:

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

Price-sales ratio

times

Requirement 3:

What are the dividends per share? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Dividends per share

$

Requirement 4:

What is the market-to-book ratio at the end of 2014? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Market-to-book ratio

times

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