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Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total 2020 Total assets Fixed assets Net plant and
Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total 2020 Total assets Fixed assets Net plant and equipment $336,695 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 $23,066 $25,300 13,648 27,152 28,300 16,400 $63,866 $70,000 $ 364,000 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total $400,561 $434,000 Total liabilities and owners' equity 2020 2021 $ 24,384 $28,300 12,000 14,000 12,771 19,700 51,155 $60,000 $81,000 $85,703 $ 55,000 $ 55,000 213,406 233,297 $ 268,406 288,297 $ 400,561 $ 434,000 Some recent financial statements for Smolira Golf Corporation follow. 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., 32.16. Round the remaining answers to 2 decimal places, e.g., 32.16.)
Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total 2020 Total assets Fixed assets Net plant and equipment $336,695 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 $23,066 $25,300 13,648 27,152 28,300 16,400 $63,866 $70,000 $ 364,000 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total $400,561 $434,000 Total liabilities and owners' equity 2020 2021 $ 24,384 $28,300 12,000 14,000 12,771 19,700 51,155 $60,000 $81,000 $85,703 $ 55,000 $ 55,000 213,406 233,297 $ 268,406 288,297 $ 400,561 $ 434,000
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