sub part d,e,f,g,h,i,j,k,l,m,n,o,p Q6.Find the following financial ratios for Smolira Golf Corp.Asset utilization ratios:Inventory turnoveTb. Days in InventoryReceivables turnoverd. Days Sales outstandingFixed Asset turnoverf. Total asset turnovera.с.C.Liquidity ratios:g. Current ratioh. Quick ratioi. Cash ratioj. Cash conversion cycleSolvency ratios:k. Debt to asset ratio1. Debt-equity ratiom. Times interest carnedProfitability ratios:Gross Profit margino. Operating profit marginp. Net profit marginn.1. Construct the Du Pont identity for Smolira Golf Corp.2. Identify any ratios which needs to analyze further. SMOLIRA GOLF, Inc.2009 Income StatementSales$305,830Cost of goods soldDepreciationEamings before interest and taxesInterest paid210,93526,850$ 68,04511,930$ 56,115Taxable incomeTaxes (35%)19,640$ 36,475Net incomeDividends$20,000Retained earnings16,475SMOLIRA GOLF2008 and 2009 Balance SheetsAssetsLiabilities and Owners' Equity2008200920082009Current assetsCurrent liabilitiesCash$21,860 $ 22,050Accounts payable$ 19,320 $ 22,850Accountsreceivable11,31613,850Notes payable10,0009,000InventoryOther24,65023,084$56,260 $ 60,5509,64311,385$ 38,963 $ 43,235$ 75,000 $ 85,000TotalTotalLong-term debtOwners' equityCommon stock andpaid-in surplus$ 25,000 $ 25,000AccumulatedFixed assetsretained eamings151,365 167,840Net plant andequipment234,068 260,525Total$176,365 $192,840Total liabilities andTotal assets$290,328 $321,075owners' equity$290,328 $321,075

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d. Days Sales outstanding Fixed Asset turnover f. Total asset turnover C.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1Q: Define each of the following terms: Liquidity ratios: current ratio; quick, or acid test,...

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