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Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities $ 23,056 25,200 16,300 28,200 $ 24,284 $28,200 11,900 19,900 Cash Accounts
Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities $ 23,056 25,200 16,300 28,200 $ 24,284 $28,200 11,900 19,900 Cash Accounts Accounts payable 13,548 26,982 63,586 Notes payable 13,000 recelvable Inventory Other 12,671 Total 69,700 Total Long-term debt Owners' equity $ 49,955 60,000 $ 80,000 81,337 Common stock and paid-in $ 60,000 $60,000 surplus Accumulated retained 209,326 232,663 eanings Fixed assets Net plant and $335,695 $364,300 Total $269,326 $292,663 equipment Total liabilities and owners' Total assets $399,281 $434,0oo $399,281 $434,000 SMOLIRA GOLF CORP 2018 Income Statement Sales Cost of goods sold Depreciation 375,123 258,000 45,600 Earnings before interest $71,523 15,400 $56,123 and taxes Interest paid Taxable income Taxes (21%) 11,786 Net income $44,337 Dividends Retained earnings $21,000 23,337 Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): (Enter your profitablllty ratio answers as a percent rounded to 2 decimal places, e.g., 32.16. Round the remaining answers to 2 decimal places, e.g., 32.16.)
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