Answer a.
2018:
Current Ratio = Current Assets / Current Liabilities
Current Ratio = $20,291 / $4,114
Current Ratio = 4.93 times
2019:
Current Ratio = Current Assets / Current Liabilities
Current Ratio = $22,100 / $5,054
Current Ratio = 4.37 times
Answer b.
2018:
Quick Ratio = (Current Assets - Inventory) / Current
Liabilities
Quick Ratio = ($20,291 - $12,698) / $4,114
Quick Ratio = 1.85 times
2019:
Quick Ratio = (Current Assets - Inventory) / Current
Liabilities
Quick Ratio = ($22,100 - $13,672) / $5,054
Quick Ratio = 1.67 times
Answer c.
2018:
Cash Ratio = Cash / Current Liabilities
Cash Ratio = $2,881 / $4,114
Cash Ratio = 0.70 times
2019:
Cash Ratio = Cash / Current Liabilities
Cash Ratio = $2,757 / $5,054
Cash Ratio = 0.55 times
Answer d.
Total Asset Turnover = Sales / Total Assets
Total Asset Turnover = $189,570 / $105,629
Total Asset Turnover = 1.79 times
Answer e.
Inventory Turnover = Cost of Goods Sold / Inventory
Inventory Turnover = $127,303 / $13,672
Inventory Turnover = 9.31 times
Answer f.
Receivables Turnover = Sales / Accounts Receivable
Receivables Turnover = $189,570 / $5,671
Receivables Turnover = 33.43 times
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 $ 2,941 $ 2,857 Accounts payable $ 2,198 $ 2,690 Accounts receivable 4,722 5,691 Notes payable 1,795 2,206 Inventory 12,658 13,692 Other 99116 Total $20,321 $22,240 Total $ 4,092 $ 5,012 $ 14,200 $16,960 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained...
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 Lidbilities and Owners' Equity Current liabilities $ 2,941 $ 2,857 Accounts payable $ 2,198 $ 2,690 4,722 5,691 Notes payable 1,795 2,206 12,658 13,692 Other 99116 Current assets Cash Inventory Total $20,321 $22,240 Total $ 4,092 $ 5,012 $ 14,200 $16,960 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $42,500...
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 $ 5,298 $ 5,827 Accounts payable $ 3,754 $ 3,986 Accounts receivable 7,707 8,477 Notes payable 3,045 3,318 Inventory 12,150 21,956 Other 152 179 Total $ 25,155 $ 36,260 Total $ 6,951 $ 7,483 Long-term debt $ 24,700 $ 16,000 Owners’ equity Common stock and...
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 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 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 December 31, 2009 and 2010 2009 2010 2010 2009 Liabilities and Owners' Equity Assets Current assets Current liabilities Accounts payable Notes payable Other $ 2,188 1,785 97 3,001 $ 2,957 4,732 12,618 Cash 2,670 2,186 114 Accounts receivable 5,711 13,712 Inventory 4,070 4,970 Total $20,351 $ 22,380 Total $14,000 16,760 Long-term debt Owners' equity Common stock $41,500 $ 41,500 15,689 and paid-in surplus Accumulated...
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...
K L M N PLEASE 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 $ 2,941 $ 2,857 Accounts payable $ 2,198 $ 2,690 Accounts receivable 4,722 5,691 Notes payable 1,795 2,206 Inventory 12,658 13,692 Other 99116 Total $20,321 $22,240 Total $ 4,092 $ 5,012 $ 14,200 $16,960 Long-term debt Owners' equity Common stock...
: Some recent Thancial Statements Tor Smolia Golt, Inc., Tollow. 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 $ 2.941 $ 2,857 Accounts payable $ 2,198 $ 2,690 Accounts receivable 4.722 5,691 Notes payable 1,795 2,206 Inventory 12,658 13,692 Other 99116 Total $20,321 $22,240 Total $ 4,092 $ 5,012 $ 14,200 $16,960 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated...