6 Some recent financial statements for Smolira Golf, Incorporated, follow. bints Assets Current assets Cash SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other 2021 $ 4,880 3,959. 198 2021 2022 Accounts receivable Inventory $ 6,358 9,248 14,580 $ 7,866 11,445 Total $ 30,186 29,641 $48,952 Total Long-term debt Owners' equity References Fixed assets Common stock and paid-in surplus Accumulated retained earnings $ 40,000 39,410 Net plant and equipment Total assets $ 90,361 $120,547 $ 107,206 $ 156,158 Total liabilities and owners' equity $ 79,410 $ 120,547 eBook Print Total $ 9,037 $ 32,100 2022 $ 5,381 4,479 429 $ 10,289 $ 40,000 $ 40,000 65,869 $ 105,869 $ 156,158 SMOLIRA GOLF, INCORPORATED 2022 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends $287,318 220,396 10,913 $ 56,009 2,264 $53,745 11,286 Retained earnings $42,459 16,000 26,459 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profit margin. return on assets, and return on equity as a percent. 6 ints Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profit margin, return on assets, and return on equity as a percent. 2021 2022 Short-term solvency ratios a. Current ratio : times times eBook b. Quick ratio times times Print c. Cash ratio times: times Asset utilization ratios References d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios times times times g. Total debt ratio times h. Debl-equity ratio times L. Equity multiplier times J. Times interest eamed ratio times k. Cash coverage ratio times Profitability ratios 1. Profit margin % % m. Return on assets n. Return on equity %