Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners’ Equity 2014 2015 2014 2015 Current assets Current liabilities Cash $ 24,066 $ 24,300 Accounts payable $ 23,384 $ 27,300 Accounts receivable 12,648 15,400 Notes payable 13,000 11,000 Inventory 25,642 27,300 Other 11,771 16,700 Total $ 62,356 $ 67,000 Total $ 48,155 $ 55,000 Long-term debt $ 71,000 $ 82,000 Owners’ equity Common stock and paid-in surplus $ 42,000 $ 42,000 Accumulated retained earnings 227,896 250,000 Fixed assets Net plant and equipment $ 326,695 $ 362,000 Total $ 269,896 $ 292,000 Total assets $ 389,051 $ 429,000 Total liabilities and owners’ equity $ 389,051 $ 429,000 SMOLIRA GOLF CORP. 2015 Income Statement Sales $ 369,630 Cost of goods sold 253,500 Depreciation 46,500 Earnings before interest and taxes $ 69,630 Interest paid 14,500 Taxable income $ 55,130 Taxes (20%) 11,026 Net income $ 44,104 Dividends $ 22,000 Retained earnings 22,104 Smolira Golf Corp. has 20,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2015 was $35. What is the price-earnings ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Price-earnings ratio 15.87 times What are the dividends per share? (Round your answer to 2 decimal places, e.g., 32.16.) Dividends 1.1 per share What is the market-to-book ratio at the end of 2015? (Round your answer to 2 decimal places, e.g., 32.16.) Market-to-book ratio 2.40 times If the company’s growth rate is 9 percent, what is the PEG ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) PEG ratio ____ times