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Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 39,492 Accounts payable $ 39,942 29,386 Notes payable 20,808 43,352 Other 21,484 Current assets Cash Accounts receivable Inventory $ 36,185 18,701 4,150 $ 43,482 17,550 26,074 Total $ 59,036 $ 112,230 Total $ 82,234 $ 87,106 Long-term debt $124,000 $ 190,525 $ 56,800 $ 56,800 Owners' equity Common stock and paid-in "" surplus Accumulated retained earnings 262,277 300,132 Fixed assets Net plant and equipment $466,275 $522,333 Total $ 319,077 $356,932 Total assets $ 525,311 $634,563 Total liabilities and owners' equity $ 525,311 $634,563 JIVIULIA VULI LURT. 2018 Income Statement Sales Cost of goods sold Depreciation $ 515,454 365,628 46,713 $ Earnings before interest and taxes Interest paid 103,113 21,483 Taxable income Taxes (23%) $ 81,630 18,775 Net income $ 62,855 Dividends Retained earnings $25,000 37,855 Smolira Golf Corp. has 58,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $29. 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.) 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 company's 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.) C. times b. Price-earnings ratio Dividends per share c. Market-to-book ratio d. PEG ratio times times
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