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the ones already answered are correct i just need the rest i cant get them right SMOLIRA GOLF, INC. 2019 Income Statement Sales $ 187,970
the ones already answered are correct i just need the rest i cant get them right
SMOLIRA GOLF, INC. 2019 Income Statement Sales $ 187,970 31:01 126,503 Cost of goods sold Depreciation 5,303 EBIT Interest paid $ 56,164 1,400 Taxable income Taxes $ 54,764 19,167 Net income $35,597 Dividends Retained earnings $ 11,935 23,662 Find the following financial ratios for Smolira Golf (use year-end figures rather average values where appropriate): (Do not round intermediate calculations your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios a percent.) 2018 2019 5.07 times 1.96 times 0.78 times 4.64 times times 0.65 times Short-term solvency ratios a. Current ratio b. Quick ratio C Cash ratio Asset utilization ratios d Total asset turnover e. Inventory tumover f. Receivables turnover Long-term solvency ratios g. Total debt ratio h. Debl-equity ratio 1.89 times times times times times 0.21 times times Prev Some recent financial statements for Smolira Golf, Inc., follow. 04 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 $ 3,121 $ 3,157 Accounts payable $ 2,168 $ 2,630 Accounts receivable 4,752 5,751 Notes payable 1,765 2,146 Inventory 12,538 13,752 Other 93 110 Total $ 20,411 $22,660 Total $ 4,026 $ 4,886 $ 13,100 $15,860 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $39,500 $ 39,500 Fixed assets 15,669 39,331 Net plant and equipment $ 51,884 $ 76,917 Total $ 55,169 $78,831 Total assets $72,295 $ 99,577 Total liabilities and owners equity $72,295 $ 99,577 SMOLIRA GOLF, INC. 2019 Income Statement Sales 187,970 Cost of goods sold 126,503 Depreciation 5,303 $ EBIT Interest paid $ 56,164 1,400 Taxable income Taxes $ 54,764 19.167 w 5:52 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.) 2018 2019 5.07 times 1.96 times 0.78 times 4.64 times times 0.65 times 1.89 times 9.20 times times Short-term solvency ratios a. Current ratio b. Quick ratio C. Cash ratio 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 1. Equity multiplier j. Times interest earned ratio k. Cash coverage ratio Profitability ratios 1. Profit margin m. Return on assets Return on equity times times 0.21 times 0.26 times 1.26 times times 40.12 times times 18.94% de n. % 45.16% Step by Step Solution
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