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Some recent financial statements for Smolira Golf, Inc., follow. Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where

Some recent financial statements for Smolira Golf, Inc., follow.image text in transcribed

image text in transcribed

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.)

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Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets SMOLIRA GO INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Liabilities and Owners' Equity current liabilities 3,231 3,357 Accounts payable 4,772 5,791 Notes payable 12,458 13,792 Other 2,148 2,590 1,745 2,106 89 106 Total $20,461 $22,940 3,982 S 4,802 Long-term debt $13,500 $16,260 Owners' equity Common stock and paid-in surplus $37,500 $37,500 Accumulated retained earnings 15,649 39,039 $50,170 74,661 Total $53,149 76,539 $70,631 $97,601 Total liabilities and owners' equity $70,631 $97,601

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