Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory...
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Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total Total assets SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities 2020 $24,600 $ 24,096 12,948 15,700 26,242 27,600 $ 63,286 $67,900 $ 392,981 Accounts payable Notes payable Other Fixed assets Net plant and equipment $329,695 $361,100. Total 429,000 Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total liabilities and owners' equity 2020 2021 $ 23,684 $27,600 14,000 11,300 12,071 18,100 $ 49,755 $57,000 $74,000 $70,557 $ 48,000 $ 48,000 221,226 253,444 $ $ 269,226 301,444 $392,981 429,000 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (25%) Net Income Dividends Retained earnings $ 25,000 32,218 $ 414,290 265,500 57,700 a. Current ratio b. Quick ratio c. Cash ratio $ 91,090 14,800 $76,290 19,073 $57,218 Find the following financial ratios for Smolira Golf Corporation (use year-end figures rather than average values where appropriate): (Enter the profitability ratio answers as a percent rounded to 2 decimal places, e.g.. 32.16. Round the remaining answers to 2 decimal places, e.g.. 32.16.) [From Instructor. There is no hint video here for this question. However, you can watch Video No. 3_3 and Video No. 3,4 posted to 03 Things to Do when the Week Three Module is open] Short-term solvency ratios: 2020 times times times 2021 times times times 32 Asset utilization ration: d. Total asset turnover e Inventory turnover 1. Receivables turnover Long-term solvency ratios: g. Total debit ratio h. Debt-equity ratio Equity multiplier j. Times interest earned k. Cash coverage ratio times times. times 2020 times times times times times 2021 times times times Profitability ratios: 1. Profit margin m. Return on assets n. Return on equity % % Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total Total assets SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities 2020 $24,600 $ 24,096 12,948 15,700 26,242 27,600 $ 63,286 $67,900 $ 392,981 Accounts payable Notes payable Other Fixed assets Net plant and equipment $329,695 $361,100. Total 429,000 Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total liabilities and owners' equity 2020 2021 $ 23,684 $27,600 14,000 11,300 12,071 18,100 $ 49,755 $57,000 $74,000 $70,557 $ 48,000 $ 48,000 221,226 253,444 $ $ 269,226 301,444 $392,981 429,000 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (25%) Net Income Dividends Retained earnings $ 25,000 32,218 $ 414,290 265,500 57,700 a. Current ratio b. Quick ratio c. Cash ratio $ 91,090 14,800 $76,290 19,073 $57,218 Find the following financial ratios for Smolira Golf Corporation (use year-end figures rather than average values where appropriate): (Enter the profitability ratio answers as a percent rounded to 2 decimal places, e.g.. 32.16. Round the remaining answers to 2 decimal places, e.g.. 32.16.) [From Instructor. There is no hint video here for this question. However, you can watch Video No. 3_3 and Video No. 3,4 posted to 03 Things to Do when the Week Three Module is open] Short-term solvency ratios: 2020 times times times 2021 times times times 32 Asset utilization ration: d. Total asset turnover e Inventory turnover 1. Receivables turnover Long-term solvency ratios: g. Total debit ratio h. Debt-equity ratio Equity multiplier j. Times interest earned k. Cash coverage ratio times times. times 2020 times times times times times 2021 times times times Profitability ratios: 1. Profit margin m. Return on assets n. Return on equity % %
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To calculate the financial ratios for Smolira Golf Corporation well use the data from the provided financial statements for the year 2021 Lets start b... View the full answer
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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