Problem #1: Ratios (10 Points)

Below are the most recent ending balances as of December 31, 2018 and 2019 in the accounts of the Smolira Golf, Inc.

	2018	2019
Cash	$3,211	$3,307
Accounts Receivable	$4,767	$5,781
Inventory	$12,478	$13,782
Accounts Payable	$2,153	$2,600
Notes Payable	$1,750	$2,116
Other Liabilities	$90	$107
Long-Term Debt	$13,400	$16,160
Net Plant and Equipment	$50,591	$75,225
Common Stock and Paid-In Surplus	$38,000	$38,000
Accumulated Retained Earnings	$15,654	$39,112
Total Assets	$71,047	$98,095
Total Liabilities and Owners' Equity	$71,047	$98,095
Sales		$187,370
Cost of Goods Sold		$126,203
Depreciation		$5,333
Earnings Before Interest and Taxes		$55,834
Interest Paid		$1,430
Taxable Income		$54,404
Taxes		$19,041
Net Income		$35,363
Dividends		$11,905
Additions to Retained Earnings		$23,458

Calculate the following Financial Ratios as of December 31, 2019:

1. Current ratio
2. Quick or Acid Test ratio
3. Inventory Turnover
4. Receivables Turnover
5. Total Debt ratio
6. Debt to Equity ratio
7. Times Interest Earned
8. Profit Margin
9. Return on Equity
10. Working Capital