After calculating the ratios for Smolira Golf, you have uncovered the following industry ratios for 2019:

How is Smolira Golf performing based on these ratios?

Some recent financial statements for Smolira Golf, Inc., follow.

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Lower Quartile Median Upper Quartile Current ratio 2.6 1.3 5.3 2.1 2.7 Total asset turnover 4.1 Debt-equity ratio .50 .60 .23 Profit margin 16.3% 8.4% 11.2% 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 $ 5,298 $ 3,754 $ 3,986 Cash 5,827 Accounts payable Accounts receivable 7,707 8,477 Notes payable 3,045 3,318 Inventory 12,150 21,956 Other 152 179 $ 25,155 $ 36,260 $ 6,951 $ 24,700 Total Total $ 7,483 Long-term debt $ 16,000 Owners' equity Common stock and paid-in surplus $ 40,000 $ 37,000 Fixed assets Accumulated retained earnings 28,805 55,189 Net plant and equipment $ 75,301 $ 79,412 Total $ 68,805 $ 92,189 Total assets $100,456 $115,672 Total liabilities and owners' equity $100,456 $115,672 SMOLIRA GOLF, INC. 2019 Income Statement $229,854 184,317 Sales Cost of goods sold Depreciation 8,730 EBIT $ 36,807 Interest paid 1,811 Taxable income $ 34,996 Taxes 7,349 Net income $ 27,647 Dividends $16,000 Addition to retained earnings 11,647