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Some recent financial statements for Smolira Golf Corporation follow. SMOLIRA GOLF CORPORATION2020 and 2021 Balance SheetsAssets20202021Liabilities and Owners Equity20202021Current assetsCurrent liabilitiesCash$ 36,285$ 39,584Accounts payable$ 40,132$
Some recent financial statements for Smolira Golf Corporation follow.SMOLIRA GOLF CORPORATION2020 and 2021 Balance SheetsAssets20202021Liabilities and Owners Equity20202021Current assetsCurrent liabilitiesCash$ 36,285$ 39,584Accounts payable$ 40,132$ 43,532Accounts receivable18,75129,476Notes payable20,90817,625Inventory4,18043,392Other21,57426,154Total$ 59,216$ 112,452Total$ 82,614$ 87,311Long-term debt$ 124,500$ 193,150Owners equityCommon stock and paid-in surplus$ 56,900$ 56,900Accumulated retained earnings261,592297,574Fixed assetsNet plant and equipment$ 466,390$ 522,483Total$ 318,492$ 354,474Total assets$ 525,606$ 634,935Total liabilities and owners equity$ 525,606$ 634,935SMOLIRA GOLF CORPORATION2021 Income StatementSales$ 515,954Cost of goods sold365,978Depreciation46,838Earnings before interest and taxes$ 103,138Interest paid21,583Taxable income$ 81,555Taxes (24%)19,573Net income$ 61,982Dividends$ 26,000Retained earnings35,982Smolira Golf Corporation has 59,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2021 was $27.
[From instructor: There is no hint video here for this question. However, you can watch Video No. 3_3 and Video No. 3_4 posted to 03 Things to Do when the Week Three Module is open.]
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 2021? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)d.If the companys growth rate is 8 percent, what is the PEG ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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