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Some recent financlal statements for Smolira Golf Corporation follow. Find the following financlal ratlos for Smolira Golf Corporation (use year-end figures rather than average values
Some recent financlal statements for Smolira Golf Corporation follow. Find the following financlal ratlos for Smolira Golf Corporation (use year-end figures rather than average values where approprlate): (Enter the profitabillty ratlo answers as a percent rounded to 2 decimal places, e.g., 32.16. Round the remalning answers to 2 decimal places, e.g., 32.16.) \begin{tabular}{|l|c|l|} \hline \multicolumn{1}{|c|}{ Asset utilization ratios: } & \\ \hline d. Total asset turnover & 0.86 & times \\ \hline e. Inventory turnover & 9.25 & times \\ \hline f. Receivables turnover & 23.94 & times \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline j. Times interest earned & 5.86 & times \\ \hlinek. Cash coverage ratio & 8.09 & times \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline Profitability ratios: & & \\ \hline 1. Profit margin & 14.54 & % \\ \hline m. Return on assets & 12.63 & % \\ \hline n. Return on equity & 17.44 & % \\ \hline \end{tabular}
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