Find the following financial ratios for Smolira Golf Corp. Short-term solvency ratios Current ratio Quick ratio Cash ratio Asset turnover...

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Finance

Find the following financial ratios for Smolira Golf Corp.
Short-term solvency ratios
Current ratio
Quick ratio
Cash ratio
Asset turnover ratios
Total asset turnover
Inventory turnover
Receivables turnover
Long-term solvency ratios
Total debt ratio
Equity multiplier Times interest earned ratio
Cash coverage ratio
Profitability ratios
Profit margin
Return on assets
Return on equity
Smolira Golf Corp
Balance Sheets as of December31,2001 and 2002
2001
2002
2001
2002
Assets
Liabilities & Equity
Current assets
Current liabilities
Cash
$650
$710
Accounts payable
$987
$1,215
Acc. receivable
$2,382
$2,106
Notes payable
$640
$718
Inventory
$4,408
$4,982
Other
$90
$230
Total
$7,440
$7,798
Total
$1,717
$2,163
Long-term debt
$4,318
$4,190
Fixed assets
Owners' Equity
Net Plant
& equipment
$13,992
$18,584
Common stock
$10,000
$10,000
Retained earnings
$5,397
$10,029
Total
$15,397
$20,029
Total assets
$21,432
$26,382
Total
$21,432
$26,382
Smolira Golf Corp
2002 IncomeStatement
Sales
$28,000
Cost of goods sold
$11,600
Depreciation
$2,140
Earnings before interest and taxes
$14,260
Interest paid
$980
Taxable income
$13,280
Taxes (35%)
$4,648
Net Income
$8,632
Dividends
$4,000
Addition to retained earnings
$4,632

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Transcribed Image Text

Find the following financial ratios for Smolira Golf Corp.Short-term solvency ratiosCurrent ratioQuick ratioCash ratioAsset turnover ratiosTotal asset turnoverInventory turnoverReceivables turnoverLong-term solvency ratiosTotal debt ratioEquity multiplier Times interest earned ratioCash coverage ratioProfitability ratiosProfit marginReturn on assetsReturn on equitySmolira Golf CorpBalance Sheets as of December31,2001 and 20022001200220012002AssetsLiabilities & EquityCurrent assetsCurrent liabilitiesCash$650$710Accounts payable$987$1,215Acc. receivable$2,382$2,106Notes payable$640$718Inventory$4,408$4,982Other$90$230Total$7,440$7,798Total$1,717$2,163Long-term debt$4,318$4,190Fixed assetsOwners' EquityNet Plant& equipment$13,992$18,584Common stock$10,000$10,000Retained earnings$5,397$10,029Total$15,397$20,029Total assets$21,432$26,382Total$21,432$26,382Smolira Golf Corp2002 IncomeStatementSales$28,000Cost of goods sold$11,600Depreciation$2,140Earnings before interest and taxes$14,260Interest paid$980Taxable income$13,280Taxes (35%)$4,648Net Income$8,632Dividends$4,000Addition to retained earnings$4,632


	2001	2002		2001	2002
Assets			Liabilities & Equity
Current assets			Current liabilities
Cash	$650	$710	Accounts payable	$987	$1,215
Acc. receivable	$2,382	$2,106	Notes payable	$640	$718
Inventory	$4,408	$4,982	Other	$90	$230
Total	$7,440	$7,798	Total	$1,717	$2,163
			Long-term debt	$4,318	$4,190
Fixed assets			Owners' Equity
Net Plant & equipment	$13,992	$18,584	Common stock	$10,000	$10,000
			Retained earnings	$5,397	$10,029
			Total	$15,397	$20,029
Total assets	$21,432	$26,382	Total	$21,432	$26,382

Sales	$28,000
Cost of goods sold	$11,600
Depreciation	$2,140
Earnings before interest and taxes	$14,260
Interest paid	$980
Taxable income	$13,280
Taxes (35%)	$4,648
Net Income	$8,632

Dividends	$4,000
Addition to retained earnings	$4,632