Some recent financial statements for Smolira Golf, Inc., follow. 2018 SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 2,911 $ 2,807 Accounts payable $ 2,203 $ 2,700 Accounts receivable 4,717 5,681 Notes payable 1.800 2,216 Inventory 12,678 13,682 Other 100 117 Total $20,306 $ 22,170 $ 4,103 $ 5,033 $ 14,300 $ 17,060 Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings 43,000 $43,000 $ 39,842 15,704 Fixed assets Net plant and equipment $ 56,801 $ 82,765 Total $58,704 $ 82,842 Total assets $ 77,107 $104,935 Total liabilities and owners' equity 104,935 $ 77107 $ SMOLIRA GOLF, INC. 2019 Income Statement 189270 SMOLIRA GOLF, INC. 2019 Income Statement Sales 189,370 $ 127,203 Cost of goods sold Depreciation 5,233 EBIT Interest paid $56,934 1,330 Taxable income Taxes $55,604 19,461 Net income $ 36,143 Dividends 12,005 $ 24,138 Retained earnings Smolira Golf has 12,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2019 was $87. 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 is the price-sales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What are the dividends per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What is the market-to-book ratio at the end of 2019? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Smolira Golf has 12,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2019 was $87. 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 is the price-sales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What are the dividends per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What is the market-to-book ratio at the end of 2019? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) times times a. Price earnings ratio b. Price-sales ratio c. Dividends per share d. Market.to book ratio times
