SMOLIRA GOLF, INC.

Balance Sheets as of December

LO $235.$ Calculating Financial Ratios Find the following financial ratios for Smolira Golf $($use year$-$end figures rather than 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

j$.$ Times interest earned ratio

k$.$ Cash coverage ratio

CHAPTER $3$ Working with Financial Statements

$91$

Profitability ratios

l$.$ Profit margin

$m.$ Return on assets

n$.$ Return on equity

$103$

$36.$ DuPont Identity Construct the DuPont identity for Smolira Golf$\mathrm{.}31,2018$ and $2019$

SMOLIRA GOLF, INC.

$2019$ Income Statement

$\backslash$table$[[$Sales$,$$$229,854$