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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. 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.) I figured out the answers up through d!
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2015 2016 2016 Assets Liabilities and Owners' Equity Current assets Current liabilities 3,251 3,407 2,143 2,580 Cash Accounts payable Notes payable Accounts receivable 4,777 5,801 1,740 2,096 12,438 13,802 88 105 Other Inventory $20,466 $23,010 3,971 4,781 Total Total $13,600 $16,360 Long-term debt Owners' equity $37,000 $37,000 Common stock and paid-in surplus 15,644 38,966 Fixed assets Accumulated retained earnings $49,749 $74,097 $52,644 $75,966 Net plant and equipment Tota $70,215 $97,107 Tota liabilities and owners' equity $70,215 $97,107 Total assets SMOLIRA GOLF, INC 2016 Income Statement $186,970 Sales 126,003 Cost of goods sold 5,353 Depreciation 55,614 EBIT 1,450 Interest paid 54,164 Taxable income 18,957 Taxes 35,207 Net income $11,885 Dividends Retained eamings 23,322Step by Step Solution
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