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

Some recent financial statements for Smolira Golf, Inc., follow.

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Required:

Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16). Enter the profitability ratios as percents.)

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SMOLIRA GOLF, INC Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 2014 Assets Liabilities and Owners' Equity Current assets Current liabilities $ 3,151 $ 3,207 Accounts payable Cash Accounts receivable Inventory $ 2,163 $ 2,620 2,136 109 5,761Notes payable 4,757 12,518 13,762 Other 1,760 92 Total $20,426 $22,730 Total $4,015 $ 4,865 Long-term debt Owners' equity $13,200 $ 15,960 Common stock and paid-in surplus Accumulated retained earnings $39,000 39,000 Fixed assets 15,664 39,258 $54,664 $ 78,258 $71,879 $ 99,083 Net plant and equipment $51,453 $76,353 Total Total assets $71,879 $99,083 Total liabilities and owners' equity

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