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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 $ 37,837 Accounts payable $ 36,722 27,766 Notes payable 19,008 42,632 Other 19,864 $ 34,385 Current assets Cash Accounts receivable Inventory $ 42,582 17,801 16,200 36,310 24,634 Total $ 88,496 $ 108,235 Total $ 75,594 $ 83,416 Long-term debt $ 115,000 $ 145,000 $ 55,000 $ 55,000 Owners' equity Common stock and paid in surplus Accumulated retained earnings 307,217 344,452 Net plant and equipment $464,315 $ 519,633 Total $362,217 $399,452 Total assets $ 552,811 $627,868 Total liabilities and owners' equity $ 552,811 $ 627,868 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $506,454 359,328 44,463 Earnings before interest and taxes Interest paid $ 102,663 19,683 Taxable income Taxes $ 82,980 20,745 Net income $ 62,235 Dividends Retained earnings $25,000 37,235 Smolira Golf Corp. has 20,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $58. 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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the market-to-book ratio at the end of 2018? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. If the company's growth rate is 9 percent, what is the PEG ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) times Price-earnings ratio b. Dividends per share C. Market-to-book ratio d. PEG ratio times times
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