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Some recent financial statements for Smolira Golf, Incorporated, follow.

SMOLIRA GOLF, INCORPORATED
Balance Sheets as of December 31, 2021 and 2022
Assets	2021	2022	Liabilities and Owners Equity	2021	2022
Current assets			Current liabilities
Cash	$ 2,971	$ 2,907	Accounts payable	$ 2,193	$ 2,680
Accounts receivable	4,727	5,701	Notes payable	1,790	2,196
Inventory	12,638	13,702	Other	98	115
Total	$ 20,336	$ 22,310	Total	$ 4,081	$ 4,991
			Long-term debt	$ 14,100	$ 16,860
			Owners equity
			Common stock and paid-in surplus	$ 42,000	$ 42,000
Fixed assets			Accumulated retained earnings	15,694	39,696
Net plant and equipment	$ 55,539	$ 81,237	Total	$ 57,694	$ 81,696
Total assets	$ 75,875	$ 103,547	Total liabilities and owners equity	$ 75,875	$ 103,547

SMOLIRA GOLF, INCORPORATED
2022 Income Statement
Sales	$ 188,970
Cost of goods sold	127,003
Depreciation	5,253
EBIT	$ 56,714
Interest paid	1,350
Taxable income	$ 55,364
Taxes	19,377
Net income	$ 35,987
Dividends	$ 11,985
Retained earnings	24,002

\begin{tabular}{|l|l|l|l|l|} \hline & \multicolumn{2}{|c|}{2021} & \multicolumn{2}{c|}{2022} \\ \hline Short-term solvency ratios & & & & \\ \hline a. Current ratio & 4.81 & times & & times \\ \hline b. Quick ratio & & times & & times \\ \hline c. Cash ratio & & times & & times \\ \hline Asset utilization ratios & & & & \\ \hline d. Total asset turnover & & & & times \\ \hline e. Inventory turnover & & & & times \\ \hline f. Receivables turnover & & & & times \\ \hline Long-term solvency ratios & & & & \\ \hline g. Total debt ratio & & times & & times \\ \hline h. Debt-equity ratio & & times & & times \\ \hline i. Equity multiplier & & times & & times \\ \hline j. Times interest earned ratio & & & & times \\ \hline k. Cash coverage ratio & & & & times \\ \hline Profitability ratios & & & & \\ \hline I. Profit margin & & & & % \\ \hline m. Return on assets & & & & % \\ \hline n. Return on equity & & & & % \\ \hline \end{tabular}

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