Problem $3-37$ Market Value Ratios $[$LO $2]$

Some recent financial statements for Smolira Golf, Inc., follow.

SMOLIRA GOLF, INC.

Balance Sheets as of December $31,2018$ and $2019$

$2018201920182019$

Assets Liabilities and Owners$$ Equity

Current assets Current liabilities

Cash $ $2,761$ $ $2,557$ Accounts payable $ $2,228$ $ $2,750$

Accounts receivable $4,6925,631$ Notes payable $1,8252,266$

Inventory $12,77813,632$ Other $105122$

Total $ $20,231$ $ $21,820$ Total $ $4,158$ $ $5,138$

Long$-$term debt $ $14,800$ $ $17,560$

Owners$$ equity

Common stock

and paid$-$in surplus $ $45,500$ $ $45,500$

Fixed assets Accumulated retained earnings $15,72940,207$

Net plant and equipment $ $59,956$ $ $86,585$ Total $ $61,229$ $ $85,707$

Total assets $ $80,187$ $ $108,405$ Total liabilities and owners$$ equity $ $80,187$ $ $108,405$

SMOLIRA GOLF, INC.

$2019$ Income Statement

Sales $ $190,370$

Cost of goods sold $127,703$

Depreciation $5,183$

EBIT $ $57,484$

Interest paid $1,280$

Taxable income $ $56,204$

Taxes $19,671$

Net income $ $36,533$

Dividends $ $12,055$

Retained earnings $24,478$

Smolira Golf has $13,000$ shares of common stock outstanding, and the market price for a share of stock at the end of $2019$ was $$92.$

a$.$ What is the price$-$earnings ratio? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is the price$-$sales ratio? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$.$ What are the dividends per share? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

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$.,32\mathrm{.}16.)$