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 $ 3,181 $ 3,257 Accounts payable $ 2,158 $ 2,610 Accounts receivable 4,762 5,771 Notes payable 1,755 2,126 Inventory 12,498 13,772 Other 91 108 Total $20,441 $22,800 Total $ 4,004 $ 4,844 $ 13,300 $16,060 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings 38,500 $38,500 $ Fixed assets 15,659 39,185 Net plant and equipment $51,022 $ 75,789 Total $ 54,159 $77,685 Total assets $ 71,463 $98,589 Total liabilities and owners' equity 98,589 $ 71,463 $ SMOLIRA GOLF, INC. 2019 Income Statement $ 187,570 Sales 126,303 Cost of goods sold Depreciation 5,323 EBIT Interest paid $ 55,944 1,420 Taxable income Taxes $54,524 19,083 Net income $ 35,441 Dividends Retained earnings $ 11,915 23,526 Smolira Golf has 11,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2019 was $78. 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.) times times a. Price-earnings ratio b. Price-sales ratio c. Dividends per share d. Market-to-book ratio times