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Find equity multiplier, times interest earned, cash coverage ratio, profit margin percentage, ROA percentage, ROE percentage SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets
Find equity multiplier, times interest earned, cash coverage ratio, profit margin percentage, ROA percentage, ROE percentage
SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash Accounts $ 23,086 $25,500 16,600 28,500 64,296 $ 70,600 Accounts payable Notes payable Other $ 24,584 $28,500 12,200 18,300 13,848 15,000 receivable Inventory 27,362 12,971 Total 52,555 $59,000 Total Long-term debt Owners' equity 55,000 $49,383 Common stock and paid-in 52,000 52,000 surplus Accumulated retained 243,436 274,617 earnings Fixed assets Net plant and $338,695 $364,400Total $295,436 326,617 equipment Total liabilities and owners' equity Total assets $402,991 $435,000 $ 402,991$435,000 SMOLIRA GOLF CORP 2018 Income Statement Sales Cost of goods sold Depreciation 359,607 235,900 35,400 Earnings before interest $ 88,307 15,700 and taxes Interest paid Taxable income Taxes (24%) $72,607 17,426 Net income $ 55,181 Dividends Retained earnings $24,000 31,181Step by Step Solution
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