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SMOLIRA GOLF CORPORATION 2 0 2 0 and 2 0 2 1 Balance Sheets Assets 2 0 2 0 2 0 2 1 Liabilities and
SMOLIRA GOLF CORPORATION
and Balance Sheets
Assets Liabilities and Owners Equity
Current assets Current liabilities
Cash $ $ Accounts payable $ $
Accounts receivable Notes payable
Inventory Other
Total $ $ Total $ $
Longterm debt $ $
Owners equity
Common stock and paidin surplus $ $
Accumulated retained earnings
Fixed assets
Net plant and equipment $ $ Total $ $
Total assets $ $ Total liabilities and owners equity $ $
SMOLIRA GOLF CORPORATION
Income Statement
Sales $
Cost of goods sold
Depreciation
Earnings before interest and taxes $
Interest paid
Taxable income $
Taxes
Net income $
Dividends $
Retained earnings
Find the following financial ratios for Smolira Golf Corporation use yearend figures rather than average values where appropriate: Enter the profitability ratio answers as a percent rounded to decimal places, eg Round the remaining answers to decimal places, eg
Current ratio for And
Quick ratio for and
Cash ratio for and
Total asset turnover
Inventory turnover
Total debt ratio for and
Debt equity ratio for and
Equity multiplier for and
Time interest earned
Cash coverage ratio
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