Sales Cost of goods sold SMOLIRA GOLF CORP. 2021 Income Statement SMOLIRA GOLF CORP. 2021 Income...

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Sales Cost of goods sold SMOLIRA GOLF CORP. 2021 Income Statement SMOLIRA GOLF CORP. 2021 Income Statement Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (25%) Net income Dividends Retained earnings $531,750 377,294 46,686 $107,770 20,650 $ 87,120 21,780 $ 65,340 $20,000 45,340 26. Calculating Financial Ratios [LO2] Find the following financial ratios for Smolira Golf Corp. (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. Sales Cost of goods sold SMOLIRA GOLF CORP. 2021 Income Statement SMOLIRA GOLF CORP. 2021 Income Statement Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (25%) Net income Dividends Retained earnings $531,750 377,294 46,686 $107,770 20,650 $ 87,120 21,780 $ 65,340 $20,000 45,340 26. Calculating Financial Ratios [LO2] Find the following financial ratios for Smolira Golf Corp. (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.