Question

Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inve
SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $ 378,618 254,000 56,150 Earnings before inter
Times interest eamed Cash coverage ratio 4.69 times times Profitability ratios: Profit margin Return on assets Return on equi
0 0
Add a comment Improve this question Transcribed image text
Answer #1

2015 k. Cash coverage ratio (EBIT + Depreciation)/Interest 8.54 times =168468+56150)/14600 1. Profit margin Net income/Sales

*Please rate thumbs up

Add a comment
Know the answer?
Add Answer to:
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

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
  • SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017...

    SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Accounts Inventory Total Current liabilities $ 24,076 12,748 25,742 24,400Accounts payable 23,48427400 1,100 17,500 Cash 15,500 27,400 Notes payable Other 13,000 receivable 11,871 48,35556,000 $72,00085,616 $62,566 67,300 Total Long-term debt Owners' equity Common stock and paid-in s 45,000 45,000 224,906243,384 Accumulated retained earnings Fixed assets Net plant and equipment $269,906$288,384 $327,695 $362,700 Total $430,000 equity Total liabilities and owners'$390,261 $430,000 Total...

  • 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 Corp. follow Assets 2018 2017 $ Current assets Cash...

    Some recent financial statements for Smolira Golf Corp. follow Assets 2018 2017 $ Current assets Cash Accounts receivable Inventory $ 24,246 14.448 27,992 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 26,100 Accounts payable $ 25,184 17,200 Notes payable 20,000 29,100 Other 13,571 $ 72,400 Total $ 58,755 Long-term debt $ 89,000 29,100 12,800 18,100 Total $ 66,686 $ 60,000 $ 101,000 $ 50.000 Owners' equity Common stock and paid-in $...

  • Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts...

    Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 39,400 Accounts payable $ 39,752 29,296 Notes payable 20,708 43,312 Other 21,394 $ 36,085 18,651 4,120 20 $ 43,432 17,475 25,994 Total $ 58,856 $ 112,008 Total $ 81,854 $ 86,901 Long-term debt $ 123,500 $ 187,898 $ 56,700 Owners' equity Common stock and paid-in...

  • Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts...

    Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory Total $ 34,685 17.951 3,700 $ 42,732 16.425 24,874 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 38,112 Accounts payable $ 37,092 28,036 Notes payable 19.308 42,752 Other 20,134 $ 108,900 Total $ 76,534 Long-term debt $ 116.500 Owners' equity Common stock and paid-in surplus $ 55,300 Accumulated retained earnings 272,552 $ 56,336...

  • 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 $ 24,116 24,800 15,900 27,800 63,656 68,500 $23,884 27,800 11,500 15,700 $53,155 55,000 $76,000 80,259 Cash Accounts 13,148 26,392 Accounts payable Notes payable Other 17,000 receivable Inventory 12,271 Total Total Long-term debt Owners' equity Common stock and paid-in $40,000 40,00o surplus Accumulated retained 226,196 258,741 earnings Fixed assets Net plant...

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

    Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 39,492 Accounts payable $ 39,942 29,386 Notes payable 20,808 43,352 Other 21,484 Current assets Cash Accounts receivable Inventory $ 36,185 18,701 4,150 $ 43,482 17,550 26,074 Total $ 59,036 $ 112,230 Total $ 82,234 $ 87,106 Long-term debt $124,000 $ 190,525 $ 56,800 $ 56,800 Owners' equity Common stock and paid-in...

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

    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 $ 34,785 $ 38,204       Accounts payable $ 37,282 $ 42,782       Accounts receivable 18,001 28,126       Notes payable 19,408 16,500       Inventory 3,730 42,792       Other 20,224 24,954         Total $ 56,516 $ 109,122         Total $ 76,914 $ 84,236   Long-term debt $ 117,000 $ 182,015   Owners’ equity       Common stock and paid-in surplus $...

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

    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 $ 24,246 $ 26,100       Accounts payable $ 25,184 $ 29,100       Accounts receivable 14,448 17,200       Notes payable 20,000 12,800       Inventory 27,992 29,100       Other 13,571 18,100         Total $ 66,686 $ 72,400         Total $ 58,755 $ 60,000   Long-term debt $ 89,000 $ 103,648   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