Question
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019
| Some recent financial statements for Smolira Golf, Inc., follow. |
| SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 | ||||||||||
| 2018 | 2019 | 2018 | 2019 | |||||||
| Assets | Liabilities and Owners' Equity | |||||||||
| Current assets | Current liabilities | |||||||||
| Cash | $ | 3,001 | $ | 2,957 | Accounts payable | $ | 2,188 | $ | 2,670 | |
| Accounts receivable | 4,732 | 5,711 | Notes payable | 1,785 | 2,186 | |||||
| Inventory | 12,618 | 13,712 | Other | 97 | 114 | |||||
| Total | $ | 20,351 | $ | 22,380 | Total | $ | 4,070 | $ | 4,970 | |
| Long-term debt | $ | 14,000 | $ | 16,760 | ||||||
| Owners' equity | ||||||||||
| Common stock | ||||||||||
| and paid-in surplus | $ | 41,500 | $ | 41,500 | ||||||
| Fixed assets | Accumulated retained earnings | 15,689 | 39,623 | |||||||
| Net plant and equipment | $ | 54,908 | $ | 80,473 | Total | $ | 57,189 | $ | 81,123 | |
| Total assets | $ | 75,259 | $ | 102,853 | Total liabilities and owners' equity | $ | 75,259 | $ | 102,853 | |
| SMOLIRA GOLF, INC. 2019 Income Statement | ||
| Sales | $ | 188,770 |
| Cost of goods sold | 126,903 | |
| Depreciation | 5,263 | |
| EBIT | $ | 56,604 |
| Interest paid | 1,360 | |
| Taxable income | $ | 55,244 |
| Taxes | 19,335 | |
| Net income | $ | 35,909 |
| Dividends | $ | 11,975 |
| Retained earnings | 23,934 | |
Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate)
current ratio 2018/2019
quick ratio 2018/2019
cash ratio 2018/2019
total asset turnover 2019
inventory turnover 2019
recievables turnover 2019
total debt ratio 2018/2019
debt equity ratio 2018/2019
equity multiplier 2018/2019
times interest earned 2019
cash covered ratio 2019
profit margin percent 2019
return on assets percent 2019
return on equity percent 2019
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
