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Some recent financial statements for Smolira Golf Corporation follow. SMOLIRA GOLF CORPORATION2020 and 2021 Balance SheetsAssets20202021Liabilities and Owners Equity20202021Current assetsCurrent liabilitiesCash$ 24,206$ 25,700Accounts payable$ 24,784$

Some recent financial statements for Smolira Golf Corporation follow.

SMOLIRA GOLF CORPORATION2020 and 2021 Balance SheetsAssets20202021Liabilities and Owners Equity20202021Current assetsCurrent liabilitiesCash$ 24,206$ 25,700Accounts payable$ 24,784$ 28,700Accounts receivable14,04816,800Notes payable13,00012,400Inventory27,62228,700Other13,17115,900Total$ 65,876$ 71,200Total$ 50,955$ 57,000Long-term debt$ 85,000$ 95,455Owners equityCommon stock and paid-in surplus$ 40,000$ 40,000Accumulated retained earnings230,616240,545Fixed assetsNet plant and equipment$ 340,695$ 361,800Total$ 270,616$ 280,545Total assets$ 406,571$ 433,000Total liabilities and owners equity$ 406,571$ 433,000

SMOLIRA GOLF CORPORATION2021 Income StatementSales$ 369,230Cost of goods sold260,500Depreciation47,350Earnings before interest and taxes$ 61,380Interest paid15,900Taxable income$ 45,480Taxes (21%)9,551Net income$ 35,929Dividends$ 26,000Retained earnings9,929

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

[From instructor: There is no hint video here for this question. However, you can watch Video No. 3_3 and Video No. 3_4 posted to 03 Things to Do when the Week Three Module is open.]

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