Homework Answers
| Paticulars | Amount |
| Total Assets | $ 260,000 |
| Less Total Liabilities | $ 140,000 |
| Less Common Stock | $ 26,000 |
| Retained Earnings at end | $ 94,000 |
| Beginning Retained Earnings | $ 31,000 |
| Addition to Retained earnings | $ 63,000 |
| Add : dividends | $ 6,600 |
| Net Profit earned | $ 69,600 |
| Add : Expenses | $ 96,000 |
| Revenue | $ 165,600 |
| Net Profit in % (Net Profit earned / Revenue) | 42.03% |
| It represents an improvement relative to the 35 % net profit margin earned in the previous year |
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Find the following financial ratios for Somolira Golf(use
year-end figures rather than average values where appropriate): (Do
not round internediate calculations and tound your answer to 2
decimal places e.g., 32.16. Enter the profitability ratios as a
percent.
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Find the following financial ratios for Somolira Golf(use
year-end figures rather than average values where appropriate): (Do
not round internediate calculations and tound your answer to 2
decimal places e.g., 32.16. Enter the profitability ratios as a
percent.
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