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Some recent financial statements for Smolira Golf Corporation follow. SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners Equity 2020

Some recent financial statements for Smolira Golf Corporation follow.

SMOLIRA GOLF CORPORATION
2020 and 2021 Balance Sheets
Assets 2020 2021 Liabilities and Owners Equity 2020 2021
Current assets Current liabilities
Cash $ 35,385 $ 38,756 Accounts payable $ 38,422 $ 43,082
Accounts receivable 18,301 28,666 Notes payable 20,008 16,950
Inventory 3,910 43,032 Other 20,764 25,434
Total $ 57,596 $ 110,454 Total $ 79,194 $ 85,466
Long-term debt $ 120,000 $ 185,692
Owners equity
Common stock and paid-in surplus $ 56,000 $ 56,000
Accumulated retained earnings 267,757 304,430
Fixed assets
Net plant and equipment $ 465,355 $ 521,133 Total $ 323,757 $ 360,430
Total assets $ 522,951 $ 631,587 Total liabilities and owners equity $ 522,951 $ 631,587

SMOLIRA GOLF CORPORATION
2021 Income Statement
Sales $ 511,454
Cost of goods sold 362,828
Depreciation 45,713
Earnings before interest and taxes $ 102,913
Interest paid 20,683
Taxable income $ 82,230
Taxes (25%) 20,558
Net income $ 61,673
Dividends $ 25,000
Retained earnings 36,673

Smolira Golf Corporation has 50,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2021 was $30.

price-earnings ratio
dividends per share
market to book ratio
PEG ratio

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