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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 $ 3,271 $ 3,457 5,811 13,812 $20,471 $23,080 Accounts payable Notes payable Other $ 2,138 2,570 2,086 104 $ 3,960 $4,760 $13,700 $16,460 4,782 12,418 1,735 87 Total Total Long-term debt Owners' equity $36,500 $36,500 38,893 $52,139 $75,393 $69,799 $96,613 Common stock and paid-in surplus Accumulated retained earnings Fixed assets 15,639 Net plant and equipment Total assets $49,328 $69,799 $73,533 $96,613 Total Total liabilities and owners' equity SMOLIRA GOLF, INC 2016 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income $186,770 125,903 5,363 $ 55,504 1460 $54,044 18,915 $ 35,129 Dividends Retained earnings 11,875 23,254 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.)
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