2016 Assets Current assets Cash Accounts receivable Inventory Total SALINAS GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 Liabilities and Owners' Equity Current liabilities $ 3,031 $ 3,007 Accounts payable $ 2,183 4,737 5,721 Notes payable 1,780 12,598 13,722 Other 96 $20,366 $ 22,450 Total $ 4,059 Long-term debt $13,900 Owners' equity Common stock and paid-in surplus $41,080 Accumulated retained earnings 15,684 $54,277 $ 79,709 Total $56,684 $74,643 $102, 159 Total liabilities and owners' equity $74,643 $ 2,660 2,176 113 $ 4,949 $ 16,660 Fixed assets Net plant and equipment Total assets $ 41,000 39,550 $ 80,55 $102,159 SALINAS GOLF, INC. 2016 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends $11,965 Retained earnings 23, 866 $ 188,570 126,803 5,273 $ 56,494 1,370 $ 55,124 19,293 $ 35,831 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.) 2015 2016 times times times times times times times times times Short-term solvency ratios a. Current ratio b.Quick ratio C.Cash ratio Asset utilization ratios d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios 8. Total debt ratio h. Debt-equity ratio i. Equity multiplier 3. Times interest earned ratio k. Cash coverage ratio Profitability ratios 1. Profit margin m. Return on assets n. Return on equity times times Itimes times times times times times N