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Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 3,251 $ 3,407 Accounts payable $ 2,143 $ 2,580 Accounts receivable 4,777 5,801 Notes payable 1,740 2,096 Inventory 12,438 13,802 Other 88 105 Total $20,466 $23,010 Total $ 3,971 $ 4,781 $ 13,600 $16,360 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings 37,000 $37,000 $ Fixed assets 38,966 15,644 Net plant and equipment $ 49,749 $74,097 Total $52,644 $ 75,966 Total assets $ 70,215 $ 97,107 Total liabilities and owners' equity $ 70,215 $ 97,107 SMOLIRA GOLF, INC. 2019 Income Statement Sales 186,970 $ 126,003 Cost of goods sold Depreciation 5,353 EBIT Interest paid $ 55,614 1,450 Taxable income Taxes $ 54,164 18,957 Net income $35,207 Dividends $ 11,885 23,322 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 $75. a. What is the price-earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Net income $35,207 Dividends $ 11,885 23,322 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 $75. 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.) a. times b. times Price-earnings ratio Price-sales ratio Dividends per share Market-to-book ratio C. d. times
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