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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 $ 2,971 $ 2,907 Accounts payable $ 2,193 $ 2,680 Accounts receivable 4,727 5,701 Notes payable 1,790 2,196 12,638 Inventory 13,702 Other 98 115 Total $20,336 $ 22,310 Total $ 4,081 $ 4,991 $ 14,100 $16,860 Long-term debt Owners' equity Common stock 42,000 $42,000 $ and paid-in surplus Accumulated retained earnings 39,696 Fixed assets 15,694 Net plant and equipment $55,539 $ 81,237 Total $ 57,694 $ 81,696 Total assets $ 75,875 $103,547 Total liabilities and owners' equity 103,547 $ 75,875 $ SMOLIRA GOLF, INC. 2019 Income Statement 188,970 $ Sales 127,003 Cost of goods sold Depreciation 5,253 EBIT Interest paid $ 56,714 1,350 Taxable income Taxes $55,364 19,377 Net income $35,987 Dividends $ 11,985 24,002 Retained earnings Smolira Golf has 10,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2019 was $85. 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 Price-earnings ratio b. Price-sales ratio c. Dividends per share d. Market-to-book ratio times
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