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Just need these remaining calculations. Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2014 and 2015 Balance Sheets Assets Liabilities and
Just need these remaining calculations.
Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities Cash Accounts receivable S 24,056 12,548 25,592 24,200 15,300 27,200 Accounts payable Notes payable Other S 23,284 12,000 11,671 $ 27,200 10,900 15,900 Total S 62,196 66,700 Total S 46,955 S 54,000 90,000 Long-term debt Owners' equity $103,000 Common stock and paid-in surplus Accumulated retained eanings S 42,000 208,936 $42,000 233,000 Fixed assets Net plant and equipment $325,69:5 $365,300 Total $250,936 $275,000 Total assets $387,891 $432,000 Total liabilities and owners' equity $387,891 $432,000 SMOLIRA GOLF CORP 2015 Income Statement Sales Cost of goods sold Depreciation S336,329 231,000 21,600 Earnings before interest and taxes Interest paid $83,729 14,400 Taxable income Taxes (35%) $ 69,329 24,265 Net income $ 45,064 Dividends Retained earnings $21,000 24,064Step by Step Solution
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