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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 $ 24,126 $ 24,900 Accounts payable $ 23,984 $ 27,900
Accounts receivable 13,248 16,000 Notes payable 18,000 11,600
Inventory 26,542 27,900 Other 12,371 16,500
Total $ 63,916 $ 68,800 Total $ 54,355 $ 56,000
Long-term debt $ 77,000 $ 74,606
Owners equity
Common stock and paid-in surplus $ 50,000 $ 50,000
Accumulated retained earnings 215,256 250,394
Fixed assets
Net plant and equipment $ 332,695 $ 362,200 Total $ 265,256 $ 300,394
Total assets $ 396,611 $ 431,000 Total liabilities and owners equity $ 396,611 $ 431,000

SMOLIRA GOLF CORP. 2018 Income Statement
Sales $ 392,907
Cost of goods sold 256,500
Depreciation 48,400
Earnings before interest and taxes $ 88,007
Interest paid 15,100
Taxable income $ 72,907
Taxes (23%) 16,769
Net income $ 56,138
Dividends $ 21,000
Retained earnings 35,138

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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