Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory $ 24,236 14,348 27,892 $ 26,000 17,100 29.000 $ 72,100 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 25,084 Notes payable 19,000 Other 13,471 $ 29,000 12,700 18,300 Total $ 66,476 Total $ 57,555 $ 60,000 $ 87,698 Long-term debt $ 88,000 S 45.000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 45,000 219,616 244,302 Fixed assets Net plant and equipment $343,695 $364 900 Total $264,616 $289,302 Total assets $ 410,171 $437,000 Total liabilities and owners equity $ 410,171 $ 437,000 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $392,640 257,000 48,800 Earnings before interest and taxes Interest paid $ 86,840 16,200 Taxable income Taxes (24%) $ 70,640 16.954 Net income $ 53,686 Dividends Retained earnings $29.000 24.686 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, e.g., 32.16.) 2017 2018 times times Short-term solvency ratios: Current ratio Quick ratio Cash ratio times times times i times times Asset utilization ratios: Total asset turnover Inventory turnover Receivables turnover times times Times interest eamed 5.36 times Cash coverage ratio times Profitability ratios: Profit margin Return on assets Return on equity