Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Some recent financial statements for Smolva Golf, Inc. follow SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019

image text in transcribed
image text in transcribed
Some recent financial statements for Smolva Golf, Inc. follow SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Llabilities and Owners' Equity Current assets Current liabilities Cash $ 2,851 $ 2.707 Accounts payable $ 2,213 $ 2720 Accounts receivable 4707 5,661 Notes payable 1,810 2.236 Inventory 12718 13,662 Other 102 119 Total $20.276 $ 22.030 Total $ 4125 5 5,075 Long term debt $ 14,500 517260 Owners equity Common stock 44000 and paid in surplus $44.000 $ Accumulated retained 157 Fixed assets camings 39.988 83988 Total $ 5974 $58,063 $ 84.293 Net plant and equipment Total abilities and owners equity 578 379 310632 $78,339 $106,323 Total assets SMOLIRA GOLF, INCI 2019 Income Statement 189.770 Sales 127403 Cost of goods sold Depreciation 5.213 $ 57154 1310 ERIT Interest paid $55 844 19,545 Taxable income Taxes $36.299 Net income $ Depreciation 5,213 EBIT Interest paid $ 57,154 1310 Taxable income Taxes $55 844 19,545 Net Income $36,299 Dividends Retained earnings $ 12025 24 274 Find the following financial ratios for Smolia 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 os percent) 2019 2018 mes times times times Short term solvency ratios a Current ratio . Quick ratio G Cash ratio Assettonatos d. Total asset tuover le Inventory rever Receivables tumover Long-term solvency ratios Total de h. Debi equity ratio Equity multiplier Times interesteamed ratio . Cash coverage ratio Profily Profit margin m. Return on assets Ratum on Next > 150

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Learn Forex Trading In 5 Days Forex For Beginners

Authors: Gideon Adewumi ,Igwue Stephen

1st Edition

1980667195, 978-1980667193

More Books

Students also viewed these Finance questions

Question

Name each amine. Part 1 of 4 H,C-C-C 3-heptamine -C C--CH

Answered: 1 week ago