View History Bookmarks Window Help 2018SP F 3000 Chapter 3 Homework Some recent financial statements for Smolira Golf, Inc., follow SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Curnt labilities Cash Accounts receivable Accounts payable 2,198 2,690 2,206 116 s 4 092 5012 $14,200 $ 16,960 4,722 5,691 Notes payable 1,795 13,692 12,658 $20,321 S 22,240Total Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained eamings $42,500 42,500 39,769 Fixed assets 15,699 $56,170 82 001 $58,199 82 269 Total Net plant and equipment Total assets 56,170 $ 82001 $76,491 $104,241 Total liabilities and and owners equity $76,491 $104,241 SMOLIRA GOLF, INC 2016 Income Statement $189.170 27,103 Sales Cost of goods sold EBIT Interest paid 5 243 56,824 1340 55,484 19,419 $ 36,065 Taxable income Net income $11.995 24,070 Retained earmings Find the folowing financial ratios for Smolira Golf (use year-end figures rather than average values where appropriatek (Do not round intermedia calculations and round your answers to 2 decimal places, o.g.. 32.16. Enter the profitability ratios as a percent.)