Question

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	$	3,091	$	3,107		Accounts payable	$	2,173	$	2,640
Accounts receivable		4,747		5,741		Notes payable		1,770		2,156
Inventory		12,558		13,742		Other		94		111
Total	$	20,396	$	22,590		Total	$	4,037	$	4,907
						Long-term debt	$	13,000	$	15,760
						Owners’ equity
						Common stock
						and paid-in surplus	$	40,000	$	40,000
Fixed assets						Accumulated retained earnings		15,674		39,404
Net plant and equipment	$	52,315	$	77,481		Total	$	55,674	$	79,404
Total assets	$	72,711	$	100,071		Total liabilities and owners’ equity	$	72,711	$	100,071

SMOLIRA GOLF, INC. 2019 Income Statement
Sales			$	188,170
Cost of goods sold				126,603
Depreciation				5,293
EBIT			$	56,274
Interest paid				1,390
Taxable income			$	54,884
Taxes				19,209
Net income			$	35,675
Dividends	$	11,945
Retained earnings		23,730

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 $81.
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.)

Answer 1