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 2021 $ 3,031 4,737 12,598 $20,366 SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Liabilities and Owners Equity Current liabilities Accounts payable 2022 $ 3,007 5,721 Notes payable 13,722 Other $22,450 Total Long-term debt Owners' equity 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 SMOLIRA GOLF, INCORPORATED 2022 Income Statement Sales 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, eg, 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 ubizabon ratios d. Total asset turnover times e. Inventory turnover times f. Receivables turnover times Long term solvency ratios g. Total debt ratio times tunes h. Debl-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 2021 $ 3,031 4,737 12,598 $20,366 SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Liabilities and Owners Equity Current liabilities Accounts payable 2022 $ 3,007 5,721 Notes payable 13,722 Other $22,450 Total Long-term debt Owners' equity 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 SMOLIRA GOLF, INCORPORATED 2022 Income Statement Sales 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, eg, 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 ubizabon ratios d. Total asset turnover times e. Inventory turnover times f. Receivables turnover times Long term solvency ratios g. Total debt ratio times tunes h. Debl-equity ratio: times times Equity multiplier times times j. Times interest earned ratio times
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
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
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
2021
$ 3,031
4,737
12,598
$20,366
SMOLIRA GOLF, INCORPORATED
Balance Sheets as of December 31, 2021 and 2022
Liabilities and Owners Equity
Current liabilities
Accounts payable
2022
$ 3,007
5,721
Notes payable
13,722
Other
$22,450
Total
Long-term debt
Owners' equity
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
SMOLIRA GOLF, INCORPORATED
2022 Income Statement
Sales
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, eg, 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 ubizabon ratios
d. Total asset turnover
times
e. Inventory turnover
times
f. Receivables turnover
times
Long term solvency ratios
g. Total debt ratio
times
tunes
h. Debl-equity ratio:
times
times
Equity multiplier
times
times
j. Times interest earned ratio
times
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