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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 $ 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 and $331,695 $365,500 Total $266,196 298,741 equipment Total liabilities and owners $395,351 $434,00o Total assets $395,351 $434,000Asset utilization ratios: d. Total asset turnover e. Inventory turnover f. Receivables turnover times times times Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratic i. Equity multiplier 2017 2018 times times times imes imes imes j. Times interest earned k. Cash coverage ratio times timesProfitability ratios: l. Profit m. Return on assets n. Return on equity margin

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