2, Some recent financial statements for Smolina Golf, Inc., follow, 2019 Assets Current assets Cash Accounts receivable Inventory SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 Liabilities and Owners' Equity Current liabilities $ 3,251 $ 3,407 Accounts payable 2,143 4,777 5,801 Notes payable 1,740 12,438 13,802 Other ELA $ s 2,580 2,096 105 Total $ 20,466 $ 23,010 Total $ 3,971 $ 4.781 $ 13,600 $ 16,360 $ Fixed assets Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ 37,000 15,644 37,000 38,966 $ 49,749 $ 74,097 $ 52,644 $ 75,968 Net plant and equipment Total assets $ 70,215 $ 97,107 $ 70,215 S 97.107 SMOLIRA GOLF, INC. 2019 Income Statement Sales $ 186,970 Cost of goods sold 126,003 Depreciation 5,353 55,614 1.450 Interest paid Taxable income Taxes $ 54,164 18,957 Net Income $ 35 207 $ Dividends Retained earnings 11.885 23,322 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): 2018 2019 Short-term solvency ratios a. Current ratio b. Quick ratio Asset utilization ratios c. Total asset turnover d. Inventory turnover Long-term solvency ratios e. Total debt ratio f. Debt-equity ratio g. Equity multiplier Profitability ratios h. Profit margin i. Return on assets j. Return on equity