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Half of my answer is wrong. I need assistance on the rest Some recent financial statements for Smolira Golf Corporation follow. Find the following financial
Half of my answer is wrong. I need assistance on the rest
Some recent financial statements for Smolira Golf Corporation follow. Find the following financial ratios for Smolira Golf Corporation (use year-end figures fother than average values where appropriate) (Enter the profitoblilty ratio answers as percent rounded to 2 decimal ploces, e.9.3 32.16. Round the remoining enswers to 2 fecimel places, e.g. 3216. ) \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Short-term solvency ratios: } & \multicolumn{2}{|c|}{2020} & \multicolumn{2}{|c|}{2021} \\ \hline a. Current ratio & 1.27 & times & 1.16 & times \\ \hline b. Quick ratio & 0.73 & fimes & 0.69 & times \\ \hline c. Cash ratio & 0.46 & times & 0.42 & times \\ \hline \end{tabular} \begin{tabular}{|l|r|l|} \hline \multicolumn{1}{|c|}{ Asset utilization ratios: } & & \\ \hline d. Total asset tumover & 0.90 & times \\ \hline e. Inventory turnover & 13.60 & fimes \\ \hline f. Receivables tumover & 25.14 times \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline 1. Times interest earned & 4.64 times \\ \hline k. Cash coverage ratio & 1.64 times \\ \hline \end{tabular} Step by Step Solution
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