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Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC Balance Sheets as of December 31, 2015 and 2016 2016 2015 Liablitios and
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC Balance Sheets as of December 31, 2015 and 2016 2016 2015 Liablitios and Owners Equity Current assets Current liabilities S 3,00 2,957 5,711 Accounts payable Notes payable S 2,188 2,670 2,186 114 Accounts receivable 4,732 1,785 Total Long-torm debt 4,000 16,760 Common stock and paid-in surplus $41,500 41,500 Fixed assets Accumulated retained eanings S549 908 S80473 Total Net plant and oquipment Total assets 75,259 $102,853 To liabilities and owners' equity S76,259 $102,853 SMOLIRA GOLF, INC. 2016 Income Statement $188,770 Cost of goods sold Depreciation 126,903 56,604 $ 55,244 $ 35,909 Interest paid Taxable income Net income $11.975 = 23,934 Retained earnings 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.) 2016 Short-term solvency ratios a. Current ratio b, Quick ratio c. Cash ratio Asset utlization ratios d. Total asset turnover e. Inventory tumover f. Receivables tunaver Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio i. Equity multiplier . Times interest eamed ratio k. Cash coverage ratio Profitability ratios I. Profit margin m.Returm on asseis n. Retun on equity
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