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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 2015 2016 2015 2016
Some recent financial statements for Smolira Golf, Inc., follow SMOLIRA GOLF, INC Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable Inventory S 3,0012,957 5,711 13,712 $20,351 22,380 Accounts payable Notes payable Other $ 2,188 2,670 2,186 114 $ 4,070 4,970 $14,000 S 16,760 4,732 12,618 1,785 97 Total Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $41,500 41,500 39,623 $57,189 81,123 $75,259 $102,853 Fixed assets 15,689 Net plant and equipment Total assets $54,908 S 80,473 S75,259 $102,853 Total liabilities and owners' equity Total SMOLIRA GOLF, INC 2016 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes $188,770 126,903 5,263 S 56,604 1,360 $ 55,244 19,335 S 35,909 Net income Dividends Retained earnings $11,975 23,934 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.) ter the profitabilty ratios as a percent 2015 Short-term soency racio9 times a. Cument ratio b. Quick ratio c. Cash ratio sset utlizatin ratics d. Tolal asset tunaver e. Inventory turnover t. Receivables turnover Long-term solvency ratios g. Total debt ratio h.Deht-equity ratio i. Equity muriplier . Times Interest eamed ratio k. Cash coverage ratio imes Profitatility ratics I. Prafit margin m.Return on assets n. Retum on equity
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