Question 3: calculating financial ratios (similar to question 27 chapter 3) Assets 2014 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 2015 Current liabilities $ 29.106 Accounts payable $ 30,602 $ 35,485 $ 26,450 Current assets Cash Accounts receivable Inventory Total Notes payable 13.693 27.931 $ 68,074 18,282 32.586 $ 79,974 15,840 13,500 15,280 20,441 $ 61,722 $ 69,426 $ 95,000 $110,000 Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 45,000 $ 45,000 223,517 253.893 Fixed assets Net plant and equipment 357.165 398,345 $268,517 $298.893 Total Total liabilities and owners' equity $425,239 $478.319 Total assets $425,239 $478,319 SMOLIRA GOLF CORP. 2015 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (35%) Net income Dividends Retained earnings $422.045 291,090 37,053 $ 93,902 16,400 $ 77,502 27,126 $ 50,376 $20,000 30,376 Find the following financial ratios for Smolira golf corp. (use year end figures rather than 1. average values where appropriate) 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 h. Debt-equity ratio i. Equity multiplier Smolira Golf has 25,000 shares of common stock outstanding and the market price for share Construct the DuPont identity for Smolira Golf corp. Prepare the 2015 statement of cash flows for Smolira Golf Corp. j. Times interest earned ratio k. Cash coverage ratio Profitability ratios 1. Profit margin m. Return on assets n. Return on equity II. III. IV. stock at the end of 2015 was $58. What is the price - earnings ratio? What are the dividends per share? What is the market to book ratio at the end of 2015? If the company's growth is 9% what is the PEG ratio