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S03-26 Calculating Financial Ratios [LO2] Some recent financial statements for Smolira Golf Corporation follow. Find the following financial ratios for Smolira Golf Corporation (use year-end
S03-26 Calculating Financial Ratios [LO2] Some recent financial statements for Smolira Golf Corporation follow. Find the following financial ratios for Smolira Golf Corporation (use year-end figures rather than average values where appropriate): (Enter the profitability ratio answers as a percent rounded to 2 decimal places, e.g., 32.16. Round the remaining answers to 2 decimal places, e.g., 32.16.) x Answer is complete but not entirely correct. \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Long-term solvency ratios: } & \multicolumn{2}{|c|}{2020} & \multicolumn{2}{c|}{2021} \\ \hline g. Total debt ratio & & times & & times \\ \hline h. Debt-equity ratio & & times & & times \\ \hline i. Equity multiplier & & times & & times \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline j. Times interest earned & & times \\ \hline k. Cash coverage ratio & & times \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Profitability ratios: } & & \\ \hline I. Profit margin & & % \\ \hline m. Return on assets & & % \\ \hline n. Return on equity & & % \\ \hline \end{tabular}
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