After calculating the ratios in 35, you have uncovered the following industry ratios for 2014. How is Smolira Golf performaning based on these ratios?

***Please show work***

			Lower		Upper
			Quartile	Median	Quartile
Current ratio			1.3	2.6	5.3
Total asset turnover			2.1	2.7	4.1
Debt-equity Ratio			0.25	0.5	0.6
Profit Margin			8.40%	11.90%	16.30%

SMOLIRA GOLF, INC Chapter 3 SMOLIRA GOLF, INC. 2013 2014 2013 2014 Liabilities and owners' equity 2014 Income Statement Assets $ 205,227 $ 138,383 5.910 60,934 $ Sales Current assets Current liabilities Accounts payable Notes payable Other 3,846 Cost of goods sold Depreciation EBIT Cash 4,607 6,702 17,357 $ 28,666 4,910 8.149 19,350 $ 32,409 3,413 2,768 138 Accounts receivable Inventory Total 3,416 165 Total Long-term debt Owners' equity 1.617 S Interest paid 6,319 22,500 7,427 19,000 Taxable income 59,317 20.760 38,557 Taxes Net Income Common stock and paid-in si $ 38,000 20,535 58,535 Total liabilities and owners' equity $ 87.354 38,000 44,792 Fixed assets Accumulated retained eanin Total 58,688 Dividends $14,300 Net plant and equipment 76,810 82.792 109,219 Total assets Retained Earnings $24,257 87,354 109,219