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Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 Current assets
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net Income Assets SMOLIRA GOLF, INC. 2019 Income Statement Dividends Retained earnings $ 5,298 $ 5,827 7,707 8,477 12,150 21.956 $ 25.155 $ 36,260 $ 75,301 $ 79.412 $100,456 $ 115.672 $ 16,000 11,647 229.854 184,317 8,730 36,807 1,811 34,996 7,349 27,647 Current liabilities Accounts payable Notes payable Other Total 2018 Liabilities and Owners' Equity Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained eamings Total Total liabilities and owners' equity $ 2019 3.754 $ 3,986 3,045 3,318 179 6.951 $ 7.483 $ 24,700 $ 16,000 $ 40,000 $ 37,000 28,805 55.189 $ 68,805 $ 92.189 $100,456 $ 115,672
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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 appropriate) (Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 32.16. Enter the profit margin, retum on assets. and return on eaultv as a nercent.1 Step by Step Solution
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