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Find the following financial Ratios for Smolira Golf (use year end rather than average values where appropriate). Smolira Golf, Inc. Balance Sheets as of 12/31/2007
Find the following financial Ratios for Smolira Golf (use year end rather than average values where appropriate).
Smolira Golf, Inc. Balance Sheets as of 12/31/2007 and 2008 2007 2008 2007 2008 Assets Liabilities and Owners' Equity Current Asset Current Liabilities Cash Accounts Receivable Inventory Total Current 2,351 3,419 8,856 14,626 2,505 4,158 9,873 16,536 Accounts Payable Notes Payable Other Total Current 1,778 1,525 72 3,375 1,971 1,582 161 3,714 Fixed Assets Long Term Debt(liability) 11500 12500 Net Plant and Equipment 34,934 52,121 Stockholders Equity 34685 52443 Total Assets 49,560 68,657 Total Liabilities and Equity 49,560 68,657 Smolira Golf, Inc. 2008 Income statement 124-380 ] Sales Cost of Goods Sold Depreciation Expense EBIT Interest Paid Taxable Income Taxes Net Income (64,805) 3,582 5,993 980 5,013 19,255 35,758 Dividends 18,000 17,758 Retained Earnings. Find the following financial Ratios for Smolira Golf (use year end rather than average values where appropriate). Show all calculations Short-Term Solvency Ratios Current Ratio Quick Ratio Asset Utilization Ratios Inventory Turnover Receivable turnover Long-Term Solvency Ratios Total Debt Ratio Times Interest Earned Ratico Profitability Ratios Gross profit percentage Return on Total AssetsStep by Step Solution
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