2021 2022 Cash Accounts receivable Inventory $ 6,358 9,248 14,580 $ 7,866 11,445 Total $ 30,186...

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2021 2022 Cash Accounts receivable Inventory $ 6,358 9,248 14,580 $ 7,866 11,445 Total $ 30,186 29,641 $48,952 Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 2021 $ 4,880 3,959 198 2022 $ 5,381 4,479 429 $ 10,289 Other Total $ 9,037 Long-term debt $ 32,100 $ 40,000 Owners' equity Common stock and paid-in surplus $ 40,000 Fixed assets Net plant and equipment $ 90,361 $ 107,206 Accumulated retained earnings Total 39,410 $ 40,000 65,869 $ 79,410 Total assets $ 120,547 $ 156,158 Total liabilities and owners' equity $ 120,547 $ 105,869 $ 156,158 SMOLIRA GOLF, INCORPORATED 2022 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends $287,318 220,396 10,913 $ 56,009 2,264 $ 53,745 11,286 $42,459 Retained earnings $16,000 26,459 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profit margin, return on assets, and return on equity as a percent. return on assets, and return on equity as a percent. 2021 2022 Short-term solvency ratios a. Current ratio times times b. Quick ratio times times c. Cash ratio times times Asset utilization ratios d. Total asset turnover e. Inventory turnover f. Receivables turnover times times times Long-term solvency ratios g. Total debt ratio times h. Debt-equity ratio times i. Equity multiplier times j. Times interest earned ratio times k. Cash coverage ratio times Profitability ratios I. Profit margin m. Return on assets n. Return on equity % % % 2021 2022 Cash Accounts receivable Inventory $ 6,358 9,248 14,580 $ 7,866 11,445 Total $ 30,186 29,641 $48,952 Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 2021 $ 4,880 3,959 198 2022 $ 5,381 4,479 429 $ 10,289 Other Total $ 9,037 Long-term debt $ 32,100 $ 40,000 Owners' equity Common stock and paid-in surplus $ 40,000 Fixed assets Net plant and equipment $ 90,361 $ 107,206 Accumulated retained earnings Total 39,410 $ 40,000 65,869 $ 79,410 Total assets $ 120,547 $ 156,158 Total liabilities and owners' equity $ 120,547 $ 105,869 $ 156,158 SMOLIRA GOLF, INCORPORATED 2022 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends $287,318 220,396 10,913 $ 56,009 2,264 $ 53,745 11,286 $42,459 Retained earnings $16,000 26,459 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profit margin, return on assets, and return on equity as a percent. return on assets, and return on equity as a percent. 2021 2022 Short-term solvency ratios a. Current ratio times times b. Quick ratio times times c. Cash ratio times times Asset utilization ratios d. Total asset turnover e. Inventory turnover f. Receivables turnover times times times Long-term solvency ratios g. Total debt ratio times h. Debt-equity ratio times i. Equity multiplier times j. Times interest earned ratio times k. Cash coverage ratio times Profitability ratios I. Profit margin m. Return on assets n. Return on equity % % %