SMOLIRA GOLF, INC. 2016 Income Statement

Sales

Cost of goods sold Depreciation

EBIT Interest paid

Taxable income Taxes

Net income Dividends

Additions to retained earnings

$14,300 24,257

LO 2 35. Calculating Financial Ratios. 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

Profitability ratios l. Profit margin

m. Return on assets n. Return on equity

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