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Some recent financial statements for Smolira Golf, Inc., follow. Current assets Cash Accounts receivable Inventory Total Assets Sales Cost of goods sold. Depreciation Fixed assets

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Some recent financial statements for Smolira Golf, Inc., follow. Current assets Cash Accounts receivable Inventory Total Assets Sales Cost of goods sold. Depreciation Fixed assets Net plant and equipment $56,170 Total assets $76,491 EBIT Interest paid Taxable income Taxes SMOLIRA GOLF, INC. 2016 Income Statement Net income SHOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 $ 2,941 $ 2,857 4,722 5,691 12,658 13,692 $20,321 $ 22,240 Dividends Retained earnings $11,995 24,070 $82,001 $104,241 $189,170 127,103 5,243 $56,824 1,340 $ 55,484 19,419 $36,065 2015 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 $ 2,198 1,795 99 $4,092 $14,200 $42,500 15.699 $58,199 Total liabilities and owners' equity $76,491 2016 $ 2,690 2,206 116 $5,012 $ 16,960 $ 42,500 39,769 $ 82,269 $104,241 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent.) Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent.) Short-term solvency ration a. Current ratio b. Quick ratio. Asset utilization ratios d. Total asset turnover e. Inventory turnover Long-term solvency ratios g. Total debt ratio. h. Debt-equity ratio. i. Equity multiplier j. Times interest earned ratio. Profitability ratios 1. Profit margin n. Return on equity 2016 tines times times times times times times times

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