Question
Some recent financial statements for Smolira Golf, Incorporated, follow. SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Assets 2021 2022 Liabilities
Some recent financial statements for Smolira Golf, Incorporated, follow.
SMOLIRA GOLF, INCORPORATED | |||||
Balance Sheets as of December 31, 2021 and 2022 | |||||
Assets | 2021 | 2022 | Liabilities and Owners Equity | 2021 | 2022 |
---|---|---|---|---|---|
Current assets | Current liabilities | ||||
Cash | $ 3,231 | $ 3,357 | Accounts payable | $ 2,148 | $ 2,590 |
Accounts receivable | 4,772 | 5,791 | Notes payable | 1,745 | 2,106 |
Inventory | 12,458 | 13,792 | Other | 89 | 106 |
Total | $ 20,461 | $ 22,940 | Total | $ 3,982 | $ 4,802 |
Long-term debt | $ 13,500 | $ 16,260 | |||
Owners equity | |||||
Common stock and paid-in surplus | $ 37,500 | $ 37,500 | |||
Fixed assets | Accumulated retained earnings | 15,649 | 39,039 | ||
Net plant and equipment | $ 50,170 | $ 74,661 | Total | $ 53,149 | $ 76,539 |
Total assets | $ 70,631 | $ 97,601 | Total liabilities and owners equity | $ 70,631 | $ 97,601 |
SMOLIRA GOLF, INCORPORATED | |
2022 Income Statement | |
Sales | $ 187,170 |
---|---|
Cost of goods sold | 126,103 |
Depreciation | 5,343 |
EBIT | $ 55,724 |
Interest paid | 1,440 |
Taxable income | $ 54,284 |
Taxes | 18,999 |
Net income | $ 35,285 |
Dividends | $ 11,895 |
Retained earnings | 23,390 |
What is the current ratio in times for both years?
What is the quick ratio in times for both years?
What is the cash ratio in times for both years?
What is the total asset turnover in times for 2022?
What is the inventory turnover in times for 2022?
What is the receivables turnover in times for 2022?
What is the total debt ratio in times for both years?
What is the debt-equity ratio in times for both years?
What is the equity multiplier in times for both years?
What is the times interest earned ratio in times for 2022?
What is the cash coverage ratio in times for 2022?
What is the profit margin percentage for 2022?
What is the return on assets percentage for 2022?
What is the return on equity percentage for 2022?
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