2016 Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 Assets Current assets Liabilities and Owners' Equity Current liabilities Cash $ 3,231 $ 3,357 Accounts payable $ 2,148 Accounts receivable 4,772 5,791 Notes payable 1,745 Inventory 12,458 13,792 Other 89 Total $20,461 $22.940 Total $ 3.982 Long-term debt $13,500 Owners' equity Common stock and paid-in surplus $37.500 Fixed assets Accumulated retained earnings 15.649 Net plant and equipment $74,661 Total $53,149 Total assets $70.631 $97601 Total liabilities and owners' equity $70,631 $ 2,590 2,106 106 5 4,802 $16,260 $50 170 $37,500 39.039 $76,539 $97,601 SMOLIRA GOLF, INC 2016 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends $11.895 Retained earnings 23 390 $187 170 126 103 5.3.43 $ 55724 1440 $ 54.284 18.999 5 35 285 Find the following financial ratios for Smolira Golf (use year end figures rather than average values where appropriate (Do not round Intermediate e decimal places, ...02.16. Enter the profitability ratios as a percent. Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Don 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 g. Total debt ratio h Debt-equity ratio i Equity multiplier i Times interest eamed ratio k Cash coverage ratio Profitability ratios 1. Profit margin m. Return on assets n Return on equity times times times times times times times