2 Current assets Cash Accounts receivable Inventory Total SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Current liabilities $ 3,061 4,742 12,578 $20,381 $ 3,057 5,731 13,732 Accounts payable Notes payable $ 2,178 Other 1,775 95 $ 2,650 2,166 112 $ 22,520 Total Long-term debt $ 4,048 $12,900 $ 4,928 $ 15,660 Owners' equity $52,746 $73,127 $ 78,045 $100,565 Common stock and paid-in surplus. Accumulated retained earnings Total $40,500 $ 40,500 Total liabilities and owners' equity 15,679 $56,179 $73,127 39,477 $ 79,977 $100,565 Fixed assets Net plant and equipment Total assets Sales SMOLIRA GOLF, INC. 2016 Income Statement Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings $188,370 126,703 -5,283 $ 56,384 1,380 $ 55,004 19,251 $ 35,753 $11,955 23,798 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.) Short-term solvency ratios a. Current ratio b. Quick ratio Asset utilization ratios d. Total asset turnover e. Inventory turnover Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio Profitability ratios 1. Profit margin n. Return on equity 2016 times times times times times times times times % %