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some recent financial statements for Smolira Golf, Inc., follow. Working With Financial Stmts i Saved SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018

some recent financial statements for Smolira Golf, Inc., follow.
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Working With Financial Stmts i Saved 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 $ 3,151 $ 3,207 Accounts payable $ 2.163 $ 2,620 Accounts receivable 4,757 5,761 Notes payable 1,760 2,136 Inventory 12,518 13,762 Other 92 109 Total $20,426 $ 22,730 Total $ 4.015 $ 4,865 $ 13,200 $15.960 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings 39,000 $39,000 $ 39.258 15,664 Fixed assets Net plant and equipment $ 51,453 $76,353 Total 78,258 $54,664 $ Total assets $ 71.879 $99,083 Total liabilities and owners' equity 99,083 $ 71,879 $ SMOLIRA GOLF, INC. 2019 Income Statement Sales $187,770 126,403 Cost of goods sold Depreciation 5,313 Interest paid $56,054 1,410 Taxable income Taxes $ 54,644 19,125 Net income $ 35,519 Dividends Retained earnings $ 11,925 23,594 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.) Saved 3 Working With Financial Stmts 2018 2019 times Short-term solvency ratios a. Current ratio b. Quick ratio C. Cash ratio times times times times times times times times Asset utilization ratios d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio k. Cash coverage ratio Profitability ratios 1. Profit margin m. Return on assets n. Return on equity times times times times times times times times % % %

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