SMOLIRA GOLF CORPORATION

$2020$ and $2021$ Balance Sheets

Assets $20202021$ Liabilities and Owners$$ Equity $20202021$

Current assets Current liabilities

Cash $ $24,226$ $ $25,900$ Accounts payable $ $24,984$ $ $28,900$

Accounts receivable $14,24817,000$ Notes payable $17,00012,600$

Inventory $27,80228,900$ Other $13,37117,500$

Total $ $66,276$ $ $71,800$ Total $ $55,355$ $ $59,000$

Long$-$term debt $ $124,000$ $ $127,662$

Owners$$ equity

Common stock and paid$-$in surplus $ $60,000$ $ $60,000$

Accumulated retained earnings $169,616189,338$

Fixed assets

Net plant and equipment $ $342,695$ $ $364,200$ Total $ $229,616$ $ $249,338$

Total assets $ $408,971$ $ $436,000$ Total liabilities and owners$$ equity $ $408,971$ $ $436,000$

SMOLIRA GOLF CORPORATION

$2021$ Income Statement

Sales $ $390,477$

Cost of goods sold $261,500$

Depreciation $50,900$

Earnings before interest and taxes $ $78,077$

Interest paid $16,100$

Taxable income $ $61,977$

Taxes $(23\%)14,255$

Net income $ $47,722$

Dividends $ $28,000$

Retained earnings $19,722$

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$.,32\mathrm{.}16.$ Round the remaining answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$