Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate)

26. Calculating Financial Ratios [L02] Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets 2014 S 26,450 13,693 27,931 357,165 $425,239 Liabilities and Owners' Equity Current assets receivable Inventory Total Fixed assets Net plant and equipment Total assets Sales 2015 $ 29,106 18,282 32.586 s 79974 398 345 $478,319 Current liabilities Accounts payable Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 2014 $ 30,602 15,840 15,280 s 61.722 s 95.000 $ 45,000 223,517 $268,517 $425.239 SMOLIRA GOLF CORP. 2015 Income Statement Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (35%) Net income Dividends Retained earnings 2015 $ 35 485 13,500 20,441 s 69.426 10.000 s 45,000 253,893 $298,893 $478,319 $422,045 291 ,090 37,053 $ 93,902 16,400 $ 77,502 27,126 $ 50,376 $20,000 30,376