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Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Assets Liabilities and Owners Equity 2017 2018 2017

Some recent financial statements for Smolira Golf Corp. follow.

SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets
Assets Liabilities and Owners Equity
2017 2018 2017 2018
Current assets Current liabilities
Cash $ 24,246 $ 26,100 Accounts payable $ 25,184 $ 29,100
Accounts receivable 14,448 17,200 Notes payable 20,000 12,800
Inventory 27,992 29,100 Other 13,571 18,100
Total $ 66,686 $ 72,400 Total $ 58,755 $ 60,000
Long-term debt $ 89,000 $ 103,648
Owners equity
Common stock and paid-in surplus $ 50,000 $ 50,000
Accumulated retained earnings 213,626 223,352
Fixed assets
Net plant and equipment $ 344,695 $ 364,600 Total $ 263,626 $ 273,352
Total assets $ 411,381 $ 437,000 Total liabilities and owners equity $ 411,381 $ 437,000

SMOLIRA GOLF CORP. 2018 Income Statement
Sales $ 360,968
Cost of goods sold 262,500
Depreciation 29,200
Earnings before interest and taxes $ 69,268
Interest paid 16,300
Taxable income $ 52,968
Taxes (25%) 13,242
Net income $ 39,726
Dividends $ 30,000
Retained earnings 9,726

Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): (Enter your 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.)

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