am.tpx Assets 2014 Current assets Cash Accounts receivable Inventory Total SMOLIRA GOLF CORP 2014 and 2015 Balance Sheets Liabilities and Owners Equity 2015 2014 Current liabilities $ 24,700 Accounts payable $ 23,784 15,800 Notes payable 16.000 27,700 Other 12,171 2015 $ 24,106 13,048 26,342 $ 27.700 11,400 15.900 $ 63,496 $ 68,200 Total $ 51.955 $ 55,000 $ 75.000 $ 90,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Fbced assets Net plant and equipment $ 45.000 222.236 $ 45,000 242.000 $330,695 $363,800 Total $26.236 Total assets 5287,000 $394, 191 $432,000 Total liabilities and owners' equity $394,191 $432.000 SMOLIRA GOLF CORP 2015 Income Statement Sales Cost of goods sold Depreciation $367 234 235,500 38,600 Earnings before interest and taxes Interest paid $ 93,134 14.900 Taxable income Taxes (30%) $ 78.234 23,470 Net Income $ 54,764 Dividends Retained earnings $ 35,000 19.764 Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): (Enter your profitability ratio answers as a percent rounded to 2 decimal places, e.g. 32.16. Round the remaining answers to 2 decimal places, -9., 32.16.) 2014 2015 Short-term solvency ratios: a. Current ratio b. Quick ratio C. Cash ratio times times times times times times Asset utilization ratios: d. Total asset turnover e. Inventory turnover f. Receivables turnover times times times 2014 2015 Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratio 1 Equity multiplier times times times times times times J. Times interest earned k. Cash coverage ratio times times Profitability ratios: L Profit margin m. Return on assets n. Return on equity % %