[5] Find the following financial ratio for Smolira Golf Corp. using the financial statements attached at the end. (Use year-end figures rather than average values where appropriate): a. Short-term Solvency Ratios: Current ratio, Quick ratio b. Asset Utilization Ratios: Inventory turnover, Total asset turnover c. Long-term Solvency ratios: Total debt ratio, Debt-equity ratio, Equity Multiplier d. Profitability ratios: Profit margin, return on assets, return on equity Smolira Golf Corp. 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current Assets Current liabilities Cash $34,385 37,837 Accounts payable 36,722 42,582 Accounts Receivable 17,801 27,766 Notes payable 19,008 16,200 Inventory 36,310 42,632 Other 19,864 24,634 Total 88,496 108,235 Total 75,594 83,416 Long-term debt 115,000 145,000 Owner's equity Common stock and paid-in surplus 55,000 55,000 Fixed Assets Accumulated retained earnings 307,217 344,452 Net plant and equipment $464,315 $519,633 Total 362,217 399,452 Total assets $552,811 $627,858 Total liabilities and owners' equity 552,811 627,868 Smolira Golf Corp. 2018 Income Statement Sales $506,454 Cost of goods sold 359,328 Depreciation 44,463 Earnings before interest and taxes 102,663 Interest paid 19,683 Taxable income 82,980 Taxes (25%) 20,745 Net income 62,235 Dividends 25,000 Retained earnings 37,235.