ZuoTi.Pro
Question

Some recent financial statements for Smolira Golf Corp follow 2014 and 2015 Balance Sheets Assets Liabilities and Owners Equity 2014 2015 2015 Current assets Current liabilities $ 24.126 5 24ltes 23,984 2790 11,600 Accounts payable counts receivable 13 248 26,542 16,000 27,900 18 000 12,371 Inventory Othes 16,500 Total $ 63,916 68,800 Total $ 54,355 3 56,000 77,000 87,000 50,000 50,000 Long-term debt Owners equity Common stock and paid-in sumplus Accumulated retained earnings 215.256 238,000 Fxed assets Net plant and equipment $332,695 $362,200 Total Total assets $265 256 $288.000 5396 611 431,000 Total liabilinies and owners equity $396,611 $431,000 SMOLIRA GOLF CORP 2015 Income Statement Sales 5392,907 256,500 48,400 Cost of goods sold Earmings betore imerest and taxes Interest paid 5 88.007 15.100 Taxable income Taxes (40%) S 72,907 29,163 Net income 5 43,744 Drvidends Retained earnings 5 21,000 22,744 Fnd the lolowing fiancial ratios for Smolra Gof Corp (use yar-end figures rather than average values where appropriate) lEnter your profitability ratio answers as a percent sounded to 2 decimal places .9-32.16. Round the remaining answers to 2 decimal places, e.g. 32.16. 2014 Type here to search

Asset utilization ratios d. Total asset turnover e. Inventory turnover f. Receivables turnover 91 times imes times Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio i. Equity multiplier 2014 2015 times times times times times times j. Times interest eamed k. Cash coverage ratio times times Profitability ratios: I. Profit margin m. Retum on assets n. Return on equity O Type here to search

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

Home nert Page Layout Formulas Data Review View dd-Ins Cut Σ AutoSum ー E ゴWrap Text aCopy 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 DR441 DM Font Alignment Number Styles Cells Edting Formula Bar DN DO DP DQ DR DS DT DU DW DX 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 LONG TERM SOLVENCY RATIOS 2015 396611 431000 265256 288000 131355 143000 2014 TOTAL ASSETS TOTAL EQUITY TOTAL DEBT A-B TOTAL DEBT RATIO (TOTALASSETS - TOTAL EQUITY)/TOTAL ASSETS TOTAL DEBT RATIO - 0.33 0.33 DEBT EQUITY RATIO TOTAL DEBT/TOTAL EQUITY DEBT EQUITY RATIO- 0.50 0.50 EQUITY MULTIPLIER 1 DEBT EQUITY RATIO EQUITY MULTIPLIER 1.50 1.50 EBIT 88007 | FIFO . CASH BUDGET BV MV ratio VARIANCE BEP, OL FL ros B-S loss SALES BUDGET DIFF ANALYSIS overheadfloat 04:34Home nert Page Layout Formulas Data Review View dd-Ins Cut Σ AutoSum ー E ゴWrap Text 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 & 2 ClearFe Select Edting Format Painter Formatting, as Table w styles. ▼ ㆆ ▼ Clipboard DR458 DM Font Alignment Number Cells Formula Bar DN DO DP DQ DR DS DT DU DW DX 440 441 442 443 EBIT INTEREST DEPRECIATION TIMES INTEREST EARNED RATIO EBIT /INTEREST CASH COVERAGE RATIO = (EBIT + DEPRECIATION)/ INTEREST 88007 15100 48400 5.83 9.03 445 446 447 448 449 450 451 452 453 454 455 456 457 458 PROFITABILITY RATIOS NET INCOME SALES 43744 392907 PROFIT MARGIN = NET INCOME/SALES *100 RETURN ON ASSETS-NET INCOME/TOTAL ASSETS RETURN ON EQUITY = NET INCOME/EQUITY$100 11.13% 100 10.15% 15.19% | FIFO . CASH BUDGET 45 BV MV ratio VARIANCE BEP, OL FL ros B-S loss SALES BUDGET DIFF ANALYSIS overheadfloat

0 0
Add a comment
Know the answer?
Add Answer to:
Some recent financial statements for Smolira Golf Corp follow 2014 and 2015 Balance Sheets Assets Liabilities...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Some recent financial statements for Smolira Golf Corp follow SMOLIRA GOLF CORP. 2014 and 2015 Balance...

    Some recent financial statements for Smolira Golf Corp follow SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2014 2015 Current assets Current liabilities 24.126 24,900 16,000 27,900 Cash Accounts receivable Inventory 13 248 26,542 Accounts payable Notes payable Other 23,984 27,900 11600 18,000 12,371 16,500 54,355 56,000 s 77,00087000 Common stock and paid in surplus50,000 50,000 Total S 63,916$68,800 Total Long-term debt Owners' equity Accumulated refained earnings 238,000 $265,256 $288,000 $396,611$431,000 215,256 Fixed assets...

  • Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2014 and 2015 Balance...

    Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners’ Equity 2014 2015 2014 2015 Current assets Current liabilities Cash $ 23,066 $ 25,300 Accounts payable $ 24,384 $ 28,300 Accounts receivable 13,648 16,400 Notes payable 14,000 12,000 Inventory 27,152 28,300 Other 12,771 19,700 Total $ 63,866 $ 70,000 Total $ 51,155 $ 60,000 Long-term debt $ 81,000 $ 90,000 Owners’ equity Common stock and paid-in surplus $ 55,000...

  • Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2017 and 2018 Balance...

    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...

  • Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2017 and 2018 Balance...

    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...

  • Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of...

    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 Current liabilities Cash $ 3,121 $ 3,157 Accounts payable $ 2,168 $ 2,630 Accounts receivable 4,752 5,751 Notes payable 1,765 2,146 Inventory 12,538 13,752 Other 93 110 Total $ 20,411 $ 22,660 Total $ 4,026 $ 4,886 Long-term debt $ 13,100 $ 15,860 Owners’ equity Common stock and...

  • Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of...

    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 Current liabilities Cash $ 3,121 $ 3,157 Accounts payable $ 2,168 $ 2,630 Accounts receivable 4,752 5,751 Notes payable 1,765 2,146 Inventory 12,538 13,752 Other 93 110 Total $ 20,411 $ 22,660 Total $ 4,026 $ 4,886 Long-term debt $ 13,100 $ 15,860 Owners’ equity Common stock and...

  • Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of...

    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 Current liabilities Cash $ 3,121 $ 3,157 Accounts payable $ 2,168 $ 2,630 Accounts receivable 4,752 5,751 Notes payable 1,765 2,146 Inventory 12,538 13,752 Other 93 110 Total $ 20,411 $ 22,660 Total $ 4,026 $ 4,886 Long-term debt $ 13,100 $ 15,860 Owners’ equity Common stock and...

  • Some recent financial statements for Smolira Golf, Inc., follow SMOLIRA GOLF, INC. Balance Sheets as of...

    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 Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable Inventory 3,151 3,207 5,761 13.762 $20,426 $22,730 Accounts payable Notes payable Other 5 2,163 2,620 2.136 109 4,015 $ 4,865 $13,200 $15,960 4.757 12,518 1,760 92 Total Long-term debt Owners' equity Total Common stock and paid-in surplus Accumulated retained earnings $39,000 $39.000 39,258 $54,664...

  • Assets 2014 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014...

    Assets 2014 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 Current liabilities $ 24,600 Accounts payable $ 23,684 15,700 Notes payable 14,000 27,600 Other 12,071 2015 Current assets Cash Accounts receivable Inventory $ 24,096 12,948 26,242 $ 27,600 11,300 18,100 Total $ 63,286 $ 67,900 Total $ 49,755 $ 57,000 $ 74,000 $ 82,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 48,000 221,226 $ 48,000 242,000 Fixed assets...

  • Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of...

    Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 2.881 $ 2,757 Accounts payable $ 2,208 $ 2,710 Accounts receivable 4,712 5,671 Notes payable 1,805 2,226 Inventory 12,698 13,672 Other 118 101 Total $20,291 $ 22.100 $ 4,114 $ 5,054 $ 14,400 $ 17,160 Long-term debt Owners' equity Common stock and paid-in surplus...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT