last page is the first page.

11/2/21, 10:57 AM Assignment Print View Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): (Round your answers to 2 decimal places. (e... 32.16)) 2011 2012 Short-term solvency ratios; a. Current ratio b. Quick ratio times times times times Asset utilization ratios: c. Total asset turnover timos 2011 2012 Long-term solvency ratios: d. Total debt ratio times timos e. Times interest earned times Profitability ratios f. Profit margin g. Return on equity % % References Worksheet Difficulty: Intermediate Problem 3-26 Calculating Financial Ratios (Abridged for f21) Learning Objective: 03-02 How to compute and, more importantly, interpret some common ratios. Problem 3-26 Calculating Financial Ratios (Abridged for 12t) Some recent financial statements for Smolira Golf Corp. follow, SMOLIRA GOLF 2011 and 2012 Balance Sheets 2012 Assets 2011 2012 Liabilities and Owners' Equity 2011 Current liabilities Accounts payable $ 23,684 Notes payable 14.000 Other 12,071 Current assets Cash Accounts receivable Inventory $ 24,096 12.948 26,242 $ 24,600 15,700 27,600 $ 27,600 11.300 18.100 $ 49.755 $ 57.000 Total Total $ 63,286 $ 67,900 $ 74,000 $ 82,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 48,000 221.226 $ 48,000 242,000 $269.226 $290.000 Fixed assets Net plant and equipment $329,695 $361,100 Total $392,981 $429,000 $392.981 $429,000 Total assets Total liabilities and owners' equity SMOLIRA GOLF, INC. 2012 Income Statement Sales Cost of goods sold Depreciation $ 414,290 265,500 57,700 Earnings before interest and taxes Interest paid $ 91.090 14,800 $ 76,290 30,516 Taxable income Taxes (40%) $ 45,774 Net income $ Dividends Retained earnings 25,000 20.774 5/7 https://ezto meducation.com/hm.tpx?todo=C15PrintView&wid=13252717869178279&role=student&pid=36847820_5230372195_1_131324101