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Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP. 2017 and 2018 Balance
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 38,204 Accounts payable $ 37,282 28,126 Notes payable 19,408 42,792 Other 20,224 $ 34,785 18,001 3,730 $ 42,782 16,500 24,954 Total $ 56,516 $ 109,122 Total $ 76,914 $ 84,236 Long-term debt $ 117,000 $ 182,015 $ 55,400 $ 55,400 Owners' equity Common stock and paid-in surplus Accumulated retained earnings 271,867 307,704 Fixed assets Net plant and equipment $464,665 $520,233 Total $327,267 $ 363,104 Total assets $ 521,181 $629,355 Total liabilities and owners' equity $ 521,181 $629,355 2018 Income Statement Sales Cost of goods sold Depreciation $508,454 360,728 44,963 Earnings before interest and taxes Interest paid $ 102,763 20,083 Taxable income Taxes (24%) $ 82,680 19,843 Net income $ 62,837 Dividends Retained earnings $27,000 35,837 Smolira Golf Corp. has 44,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $27. 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 5 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 a. Price-earnings ratio b. Dividends per share c. Market-to-book ratio d. PEG ratio times times
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