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Some recent financial statements for Smolira Golf, Incorporated, follow. SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Assets Current assets
Some recent financial statements for Smolira Golf, Incorporated, follow. SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Assets Current assets 2021 2022 Liabilities and Owners' Equity Current liabilities Cash Accounts receivable Inventory Total $ 2,881 4,712 12,698 $ 20,291 $ 2,757 Accounts payable 5,671 13,672 $ 22,100 Notes payable Other Total Long-term debt $ 4,114 $ 14,400 Owners' equity Fixed assets Common stock and paid-in surplus Accumulated retained earnings $ 43,500 15,709 Net plant and equipment $ 57,432 $ 83,529 Total $ 59,209 2021 $ 2,208 1,805 101 2022 $ 2,710 2,226 118 $ 5,054 $ 17,160 $ 43,500 39,915 $ 83,415 Total assets $ 77,723 $ 105,629 Total liabilities and owners' equity $ 77,723 $ 105,629 Sales SMOLIRA GOLF, INCORPORATED 2022 Income Statement $ 189,570 Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings 127,303 5,223 $ 57,044 1,320 $ 55,724 19,503 $ 36,221 $ 12,015 24,206 Smolira Golf has 13,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2022 was $88. a. What is the price-earnings ratio? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the price-sales ratio? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. c. What are the dividends per share? Note: 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 2022? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. Price-earnings ratio b. Price-sales ratio times times c. Dividends per share d. Market-to-book ratio times
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