SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 2,851 $ 2,707 Accounts payable $ 2,213 $ 2,720 Accounts receivable 4,707 5,661 Notes payable 1,810 2,236 Inventory 12,718 13,662 Other 102 119 Total $20,276 $ 22,030 Total $ 4,125 $ 5,075 $ 14,500 $ 17,260 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings 44.000 $44,000 $ 39,988 15.714 Fixed assets Net plant and equipment $58,063 $ 84,293 Total $ 59,714 $ 83,988 Total assets $ 78,339 $106,323 Total liabilities and owners' equity $78,339 $ 106,323 SMOLIRA GOLF, INC. 2019 Income Statement 189,770 Sales $ 127,403 Cost of goods sold Depreciation 5,213 EBIT Interest paid $ 57,154 1,310 Taxable income Taxes $55,844 19,545 Net income $36,299 Dividends $ 12,025 Retained earnings 24,274 Smolira Golf has 10,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2019 was $89. Smolira Golf has 10,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2019 was $89. 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 is the price-sales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What are the dividends per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What is the market-to-book ratio at the end of 2019? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Price-earnings ratio b. Price-sales ratio c. Dividends per share d. Market-to-book ratio times times 1.20 times