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Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 24,056 24,200 15,300 27,200 $ 62,196 $66,700 $ 23,284 $ 27,200 10,900 15,900 $ 46,955 54,000 90,000 93,294 Accounts Inventory Total Accounts payable Notes payable Other 12,548 12,000 receivable 25,592 11,671 Total Long-term debt Owners equity Common stock and paid-in $42,000 42,000 surplus Accumulated retained 208,936 242,706 earnings Fixed assets Net plant and equipment $325,695 $365,300 $250,936 $284,706 Total liabilities and owners equity Total assets $ 387,891 $432,000 387,891 $432,000SMOLIRA GOLF CORP 2018 Income Statement Sales Cost of goods sold Depreciation $336,329 231,000 21,600 Earnings before interest $ 83,729 14,400 $ 69,329 and taxes Interest paid Taxable income Taxes (21%) 14,559 Net income $ 54,770 Dividends Retained earnings $21,000 33,770 Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): (Enter your profitability ratio answers as a percent rounded to 2 decimal places, e.g., 32.16. Round the remaining answers to 2 decimal places, e.g., 32.16.)2018 Short-term solvency ratios: a. Current ratio 2017 b. Quick ratio c. Cash ratio times times times times times times Asset utilization ratios: d. Total asset turnover e Inventory turnover f Receivables turnover times times times Long-term solvency ratios: 2017 2018 g. Total debt ratio h. Debt-equity ratio times times times times times times Equity multiplierTimes interest earned k. Cash coverage ratio times times Profitability ratios: Profit margin m. Return on assets n. Return on equity 0 0 0 0

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Home nert Page Layout Formulas Data Review View dd-Ins Cut copy ▼ Format Painter Σ AutoSum ー E ゴWrap Text в 1 프 . Ej-., Δ. : rーー 逻锂函Merge & Center. $, % , 弼,8 Conditional Format eCell Insert Delete Format Paste Sort &Find & Formatting, as Table w styles. Styles 2 ClearFe Select Edting ▼ ㆆ ▼ Clipboard DM173 DL Font Alignment Number Cells DM DN DO DP DQ DR DS DT DU DV DW 157 158 159 160 161 162 163 164 165 166 167 168 169 170 CURRENT ASSETS CURRENT LIABILITIES CASH & MARKETABLE SECURITIES INVENTORY 2017 62196 46955 24056 25592 2018 66700 54000 24200 27200 CURRENT RATIO = CURRENT ASSETS/CURRENT LIABILITIES 1.32 1.24 QUICK RATIO = (CURRENT ASSETS-INVENTORY)/CURRENT LIABILITIES 0.78 0.73 CASH RATIO CASH&MARKETABLE SECURITIES /CURRENT LIABILITIES 0.51 0.45 172 173 174 175 FIFO , CASH BUDGET . bud 45 BV MV ratio VARIANCE BEP, OL FL ros B-S loss SALES BUDGET DIFF ANALYSIS- overhead , float 06:46Home nert Page Layout Formulas Data Review View dd-Ins Cut Σ AutoSum ー E ゴWrap Text General ta copy ▼ в 1 프 . Ej-., Δ. : rーー 逻锂函Merge & Center. $, % , 弼,8 C Paste Conditional Format CeInsert Delete Format Formatting, as Table w styles. ▼ ㆆ ▼ Sort &Find & 2 ClearFe Select Edting Format Painter Clipboard DR107 DL Font Alignment Number Styles Cells DM DN DO DP DQ DR DS DT DU DV DW 103 104 105 106 107 108 109 110 ASSET UTILISATION RATIOS TOTAL ASSETS SALES COGS INVENTORY RECEIVABLE 432000 336329 231000 27200 15300 2018 SALES/TOTAL ASSETS 0.78 TOTAL ASSETS TURNOVER 112 113 114 115 116 TOTAL ASSETS TURNOVER INVENTORY TURNOVER COGS/INVENTORY INVENTORY TURNOVER 8.49 SALES/RECEIVABLE RECEIVABLES TURNOVER RECEIVABLES TURNOVER 118 119 120 21.98 | FIFO . CASH BUDGET 45 BV MV ratio VARIANCE BEP, OL FL ros B-S loss SALES BUDGET DIFF ANALYSIS overheadfloatHome nert Page Layout Formulas Data Review View dd-Ins Cut Σ AutoSum ー E ゴWrap Text General ta copy. B า 프 . Ej-., Δ. : r_一 逻锂函Merge & Center. $, % , 弼,8 conditional Format . Cell Insert Delete Format Paste Sort &Find & Format Painter Formatting as Table Styles2 Clear Clipboard DT139 DL Font Alignment Number Styles Cells Edting DM DN DO DP DQ DR DS DT DU DV DW 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 LONG TERM SOLVENCY RATIOS 2018 387891 432000 250936 284706 136955147294 2017 TOTAL ASSETS TOTAL EQUITY TOTAL DEBT A-B TOTAL DEBT RATIO (TOTAL ASSETS- TOTAL EQUITY)/TOTAL ASSETS TOTAL DEBT RATIO = 0.35 0.34 DEBT EQUITY RATIO TOTAL DEBT TOTAL EQUITY DEBT EQUITY RATIO 0.55 0.52 EQUITY MULTIPLIER = 1 + DEBT EQUITY RATIO EQUITY MULTIPLIER- 1.55 1.52 | FIFO . CASH BUDGET BV MV ratio VARIANCE BEP, OL FL ros B-S loss SALES BUDGET DIFF ANALYSIS overheadfloatHome nert Page Layout Formulas Data Review View dd-Ins Cut E AutoSum ー E ゴWrap Text General ta copy. в 1 프 . Ej-., Δ. : rーー 逻锂函Merge & Center. $, % , 弼,8 Conditional Format eCell Insert Delete Format Paste Sort &Find & Format Painter Formatting as Table Styles2 Clear Clipboard DQ140 DL Font Alignment Number Styles Cells Edting DM DN DO DP DQ DR DS DT DU DV DW 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 EBIT INTEREST DEPRECIATION TIMES INTEREST EARNED RATIO EBIT/INTEREST CASH COVERAGE RATIO (EBIT + DEPRECIATION)/INTEREST 83729 14400 21600 5.81 7.31 PROFITABILITY RATIOS NET INCOME SALES 54770 336329 PROFIT MARGIN = NET INCOME/SALES *100 RETURN ON ASSETS: NET INCOME/TOTAL ASSETS *100 RETURN ON EQUITY = NET INCOME/EQUITY*100 16.28% 12.68% 19.24% 4FIFOCASH BUDGET BV MV ratio VARIANCE BEP, OL FL ros B-S loss SALES BUDGET DIFF ANALYSIS overheadfloat 06:48

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