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Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations and round your
Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent.) 0.25 points 2018 | 2019 eBook times times times times times times References times times times Short-term solvency ratios a. Current ratio b. Quick ratio C. Cash ratio Asset utilization ratios d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios g. Total debt ratio Debt-equity ratio Equity multiplier j. Times interest earned ratio Cash coverage ratio Profitability ratios Profit margin Return on assets n. Return on equity times times h. times times times times times times m. 0.25 points SMOLIRA GOLF, INC. 2019 Income Statement Sales $ 187,170 Cost of goods sold 126,103 Depreciation 5,343 eBook EBIT Interest paid $ 55,724 1,440 References Taxable income Taxes $54,284 18,999 Net income $35,285 Dividends Retained earnings $ 11,895 23,390 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent.) Some recent financial statements for Smolira Golf, Inc., follow. 0.25 points SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 3,231 $ 3,357 Accounts payable $ 2,148 $ 2,590 Accounts receivable 4,772 5,791 Notes payable 1,745 2,106 Inventory 12,458 13,792 Other 89106 eBook Total $20,461 $22,940 Total $ 3,982 $ 4,802 References $13,500 $16,260 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $37,500 $ 37,500 15,649 39,039 Fixed assets Net plant and equipment $50,170 $ 74,661 Total $ 53,149 $ 76,539 Total assets $70,631 $ 97,601 Total liabilities and owners' equity $ 70,631 $ 97,601 SMOLIRA GOLF, INC. 2019 Income Statement Sales $ 187,170 Cost of goods sold 126,103 Depreciation 5,343
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