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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 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 $ 2,881 $ 2,757 Accounts payable $ 2,208 $ 2,710 Accounts receivable 4.712 5,671 Notes payable 1,805 2,226 Inventory 12,698 13,672 Other 101 118 Total $ 20,291 $ 22,100 Total $ 4,114 $ 5,054 $ 14,400 $ 17,160 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $43,500 $ 43,500 Fixed assets 15,709 39,915 Net plant and equipment $57,432 $ 83,529 Total $59,209 $83,415 Total assets $ 77,723 $105 629 Total liabilities and owners equity $ 77723 $ 105,629 SMOLIRA GOLF, INC. 2019 Income Statement $189,570 127,303 Cost of goods sold Depreciation 5,223 EBIT Interest paid $ 57,044 1,320 Taxable income Taxes $ 55,724 19,503 Net income $ 36,221 Dividends Retained earnings $ 12,015 24,206 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.) 2018 / 2019 times times times times times times times e. times times Short-term solvency ratios a. Current ratio b. Quick ratio C. Cash ratio Asset utilization ratios d. Total asset turnover Inventory turnover Receivables turnover Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio i. Equity multiplier Times interest earned ratio k. Cash coverage ratio Profitability ratios Profit margin m. Return on assets n. Return on equity times times times times times times times times
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