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Some recent financial statements for Smolira Golf, Incorporated, follow Assets Current assets Cash Accounts receivable Inventory Total 4.09 Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Liabilities and Owners Equity Current liabilities Accounts payable Notes payable 2021 2022 $3,031 4,737 12,598 $20,366 $ 3,007 5,721 13,722 $22,450 Other Owners' equity Total Long-term debt Common stock and paid-in surplus Accumulated retained earnings. Total 2021 $ 2,183 1,780 96 $4,059 $ 13,900 $ 41,000 15,684 $56,684 2022 $ 2,660 2,176 113 $ 4,949 $ 16,660 $ 41,000 39,550 $ 80,550 $54,277 $ 79,709 $ 74,643 $ 102,159 Total liabilities and owners' equity $ 74,643 $ 102,159 Sales SMOLIRA GOLF, INCORPORATED 2022 Income Statement Cost of goods sold Depreciation EDIT Interest paid Taxable income Taxes Net income Dividends Retained earnings $185,570 126,803 5,273 $ 56,494 1,370 $55,124 19,293 $35,831 $ 11,965 23,866 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate) Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent. Short-term solvency ratios 2021 2022 a. Current ratio times times b. Quick ratio times times c. Cash ratio times times Asset utilization ratios d. Total asset turnover times e. Inventory turnover i times f. Receivables turnover times Long-term solvency ratios g. Total debt ratio times tunes h. Debt-equity ratio times times Equity multiplier times times J. Times interest earned ratio times

Some recent financial statements for Smolira Golf, Incorporated, follow Assets Current assets Cash Accounts receivable Inventory Total 4.09 Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Liabilities and Owners Equity Current liabilities Accounts payable Notes payable 2021 2022 $3,031 4,737 12,598 $20,366 $ 3,007 5,721 13,722 $22,450 Other Owners' equity Total Long-term debt Common stock and paid-in surplus Accumulated retained earnings. Total 2021 $ 2,183 1,780 96 $4,059 $ 13,900 $ 41,000 15,684 $56,684 2022 $ 2,660 2,176 113 $ 4,949 $ 16,660 $ 41,000 39,550 $ 80,550 $54,277 $ 79,709 $ 74,643 $ 102,159 Total liabilities and owners' equity $ 74,643 $ 102,159 Sales SMOLIRA GOLF, INCORPORATED 2022 Income Statement Cost of goods sold Depreciation EDIT Interest paid Taxable income Taxes Net income Dividends Retained earnings $185,570 126,803 5,273 $ 56,494 1,370 $55,124 19,293 $35,831 $ 11,965 23,866 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate) Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent. Short-term solvency ratios 2021 2022 a. Current ratio times times b. Quick ratio times times c. Cash ratio times times Asset utilization ratios d. Total asset turnover times e. Inventory turnover i times f. Receivables turnover times Long-term solvency ratios g. Total debt ratio times tunes h. Debt-equity ratio times times Equity multiplier times times J. Times interest earned ratio times

Essentials Of Investments
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
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Some recent financial statements for Smolira Golf, Incorporated, follow Assets Current assets Cash Accounts receivable Inventory Total 4.09 Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Liabilities and Owners Equity Current liabilities Accounts payable Notes payable 2021 2022 $3,031 4,737 12,598 $20,366 $ 3,007 5,721 13,722 $22,450 Other Owners' equity Total Long-term debt Common stock and paid-in surplus Accumulated retained earnings. Total 2021 $ 2,183 1,780 96 $4,059 $ 13,900 $ 41,000 15,684 $56,684 2022 $ 2,660 2,176 113 $ 4,949 $ 16,660 $ 41,000 39,550 $ 80,550 $54,277 $ 79,709 $ 74,643 $ 102,159 Total liabilities and owners' equity $ 74,643 $ 102,159 Sales SMOLIRA GOLF, INCORPORATED 2022 Income Statement Cost of goods sold Depreciation EDIT Interest paid Taxable income Taxes Net income Dividends Retained earnings $185,570 126,803 5,273 $ 56,494 1,370 $55,124 19,293 $35,831 $ 11,965 23,866 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate) Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent. Short-term solvency ratios 2021 2022 a. Current ratio times times b. Quick ratio times times c. Cash ratio times times Asset utilization ratios d. Total asset turnover times e. Inventory turnover i times f. Receivables turnover times Long-term solvency ratios g. Total debt ratio times tunes h. Debt-equity ratio times times Equity multiplier times times J. Times interest earned ratio times
Transcribed Image Text:Some recent financial statements for Smolira Golf, Incorporated, follow Assets Current assets Cash Accounts receivable Inventory Total 4.09 Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Liabilities and Owners Equity Current liabilities Accounts payable Notes payable 2021 2022 $3,031 4,737 12,598 $20,366 $ 3,007 5,721 13,722 $22,450 Other Owners' equity Total Long-term debt Common stock and paid-in surplus Accumulated retained earnings. Total 2021 $ 2,183 1,780 96 $4,059 $ 13,900 $ 41,000 15,684 $56,684 2022 $ 2,660 2,176 113 $ 4,949 $ 16,660 $ 41,000 39,550 $ 80,550 $54,277 $ 79,709 $ 74,643 $ 102,159 Total liabilities and owners' equity $ 74,643 $ 102,159 Sales SMOLIRA GOLF, INCORPORATED 2022 Income Statement Cost of goods sold Depreciation EDIT Interest paid Taxable income Taxes Net income Dividends Retained earnings $185,570 126,803 5,273 $ 56,494 1,370 $55,124 19,293 $35,831 $ 11,965 23,866 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate) Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent. Short-term solvency ratios 2021 2022 a. Current ratio times times b. Quick ratio times times c. Cash ratio times times Asset utilization ratios d. Total asset turnover times e. Inventory turnover i times f. Receivables turnover times Long-term solvency ratios g. Total debt ratio times tunes h. Debt-equity ratio times times Equity multiplier times times J. Times interest earned ratio times
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