Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INC. 2016 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Assets Net income Dividends Retained earnings $ 2,757 $ 2,881 4,712 12,698 5,671 13,672 $20,291 $ 22,100 1. Profit margin n. Return on equity SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 $57,432 $77,723 $12,015 24,206 Short-term solvency ratios a. Current ratio b. Quick ratio Asset utilization ratios d. Total asset turnover e. Inventory turnover Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio Profitability ratios $ 83,529 $105,629 $189,570 127,303 5,223 $ 57,044 1,320 $ 55,724 19,503 $36,221 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 2016 4.9 times 1.84 times 1.79 times 9.3 times 2015 times times times times %6 % $ 2,208 1,805 101 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent.) $ 4,114 $14,400 $43,500 15,709 $59,209 $77,723 2016 $ 2,710 2,226 118 $ 5,054 $ 17,160 $ 43,500 39,915 $ 83,415 $105,629
Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INC. 2016 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Assets Net income Dividends Retained earnings $ 2,757 $ 2,881 4,712 12,698 5,671 13,672 $20,291 $ 22,100 1. Profit margin n. Return on equity SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 $57,432 $77,723 $12,015 24,206 Short-term solvency ratios a. Current ratio b. Quick ratio Asset utilization ratios d. Total asset turnover e. Inventory turnover Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio Profitability ratios $ 83,529 $105,629 $189,570 127,303 5,223 $ 57,044 1,320 $ 55,724 19,503 $36,221 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 2016 4.9 times 1.84 times 1.79 times 9.3 times 2015 times times times times %6 % $ 2,208 1,805 101 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent.) $ 4,114 $14,400 $43,500 15,709 $59,209 $77,723 2016 $ 2,710 2,226 118 $ 5,054 $ 17,160 $ 43,500 39,915 $ 83,415 $105,629
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Transcribed Image Text:Current assets
Cash
Accounts receivable
Inventory
Total
Fixed assets
Net plant and equipment
Total assets
SMOLIRA GOLF, INC.
2016 Income Statement
Sales
Cost of goods sold
Depreciation
EBIT
Interest paid
Taxable income
Taxes
Assets
Net income
Dividends
Retained earnings
$ 2,757
$ 2,881
4,712
12,698
5,671
13,672
$20,291 $ 22,100
1. Profit margin
n. Return on equity
SMOLIRA GOLF, INC.
Balance Sheets as of December 31, 2015 and 2016
2015
2016
$57,432
$77,723
$12,015
24,206
Short-term solvency ratios
a. Current ratio
b. Quick ratio
Asset utilization ratios
d. Total asset turnover
e. Inventory turnover
Long-term solvency ratios
g. Total debt ratio
h. Debt-equity ratio
i. Equity multiplier
j. Times interest earned ratio
Profitability ratios
$ 83,529
$105,629
$189,570
127,303
5,223
$ 57,044
1,320
$ 55,724
19,503
$36,221
Liabilities and Owners' Equity
Current liabilities
Accounts payable
Notes payable
Other
Total
Long-term debt
Owners' equity
Common stock and paid-in surplus
Accumulated retained earnings
Total
Total liabilities and owners' equity
2016
4.9 times
1.84 times
1.79 times
9.3 times
2015
times
times
times
times
%6
%
$ 2,208
1,805
101
Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round
intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent.)
$ 4,114
$14,400
$43,500
15,709
$59,209
$77,723
2016
$ 2,710
2,226
118
$ 5,054
$ 17,160
$ 43,500
39,915
$ 83,415
$105,629
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