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Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018 Balance...

Some recent financial statements for Smolira Golf Corp. follow.
SMOLIRA GOLF CORP.
2017 and 2018 Balance Sheets
Assets Liabilities and Owners’ Equity
2017 2018 2017 2018
  Current assets   Current liabilities
      Cash $ 34,385 $ 37,837      &nbsAccounts payable $ 36,722 $ 42,582
      Accounts receivable 17,801 27,766       Notes payable 19,008 16,200
      Inventory 36,310 42,632       Other 19,864 24,634
        Total $ 88,496 $ 108,235         Total $ 75,594 $ 83,416
  Long-term debt $ 115,000 $ 145,000
  Owners’ equity
      Common stock and paid-in surplus $ 55,000 $ 55,000
         Accumulated retained earnings 307,217 344,452
  Net plant and equipment $ 464,315 $ 519,633   Total $ 362,217 $ 399,452
  Total assets $ 552,811 $ 627,868   Total liabilities and owners’ equity $ 552,811 $ 627,868
SMOLIRA GOLF CORP.
2018 Income Statement
  Sales $ 506,454
  Cost of goods sold 359,328
  Depreciation 44,463
  Earnings before interest and taxes $ 102,663
  Interest paid 19,683
  Taxable income $ 82,980
  Taxes (25%) 20,745
  Net income $ 62,235
      Dividends $ 25,000
      Retained earnings 37,235
Find the following financial ratios for Smolira Golf Corp. (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.)

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jeff jeffy answered 8 months ago
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