Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate):

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 ________________

i.?Equity multiplier ________________

j.?Times interest earned ratio ________________

k. Cash coverage ratio ________________

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

Transcribed Image Text:

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 $ 3,754 $ 5,298 $ 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 $ 7,483 Total Total $ 16,000 Long-term debt Owners' equity $ 37,000 $ 40,000 Common stock and paid-in surplus Fixed assets Accumulated retained earnings 28,805 55,189 Net plant and equipment $ 75,301 $ 79,412 $ 68,805 $ 92,189 Total $100,456 $115,672 Total liabilities and owners' equity $100,456 $115,672 Total assets SMOLIRA GOLF, INC. 2019 Income Statement $229,854 184,317 Sales Cost of goods sold Depreciation 8,730 $ 36,807 EBIT Interest paid 1,811 $ 34,996 Taxable income Taxes 7,349 $ 27,647 Net income $16,000 Dividends Addition to retained earnings 11,647