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5 20 points 8 00:50:26 eBook Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets
5 20 points 8 00:50:26 eBook Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes SMOLIRA GOLF, INCORPORATED 2022 Income Statement Net income Dividends Retained earnings 2021 Short-term solvency ratios a. Current ratio b. Quick ratio c. Cash ratio Asset utilization ratios d. Total asset turnover 2021 $ 3,091 4,747 12,558 $ 20,396 SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2022 Liabilities and Owners' Equity Current liabilities Accounts payable $ 52,315 $ 72,711 $ 188,170 126,603 5,293 $ 56,274 1,390 $ 54,884 19, 209 $ 35,675 $ 11,945 23,730 times times times $ 3,107 5,741 13,742 $ 22,590 $ 77,481 $ 100,071 2022 times times times Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total times Total liabilities and owners' equity 2021 $ 2,173 1,770 94 $ 4,037 $ 13,000 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 profitability ratios as a percent. $ 40,000 15,674 $ 55,674 $ 72,711 2022 $ 2,640 2,156 111 $ 4,907 $ 15,760 $ 40,000 39,404 $ 79,404 $ 100,071
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