2 10 points Some recent financial statements for Smolira Golf, Inc, follow. SMOLIRA GOLF, INC Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Current assets Liabilities and Owners' Equity Current liabilities Cash $ 2.911 $ 2,807 Accounts payable $ 2,203 $ 2,700 Accounts receivable 4,712 5,681 Notes payable 1,800 2.216 Inventory 12.678 13,682 Other 100 117 Total $20.306 $ 22.170 Total $ 4,103 $ 5,033 Long term debt $ 14,300 $17,060 Owners' equity Common stock and pald-in surplus $43,000 $ 43,000 Fixed assets Accumulated retained 39,842 earnings 15,704 Net plant and equipment $ 56,801 $ 82765 Total $58,704 $ 82.842 Total assets $ 77:807 $104.935 Total liabilities and owners equity $ 77107 104.995 $189.270 SMOLIRA GOLF, INC. 2019 Income Statement Sales Cost of goods sold 127,203 Depreciation 5,233 56,934 Interest paid 1,330 EBIT $ 55,604 Taxable income Taxes 19,461 Net Income $36,543 Dividends Retained earnings $12,005 24,138 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g. 32.16. Enter the profitability ratios as a percent.) Answer is not complete. 2018 4.88 Imus 1.79 imes 0.71imus 4.40 imes 1.69imes 0.56 Imus 0.06 Imus 1.80 Imus imes Short-term solvency ratios 1 Current ratio b. Quick ratio e. Cash ratio Asset uslason raios d. Total saatlumover inventory tumover 1. Receivables tumover Long-term solvency ratios 9. Total debt ratio h. Dubi-equity ratio i. Equity multiplier i Times interest earned Prade K Cash coverage ratio Profitability ratios Proft margin m. Return on assets n. Return on equity Times Times imes imus imes imus imes im % %