Assets 2017 2018 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 24700 Accounts payable $ 23,784 15,800 Notes payable 16,000 27700 Other 12,171 $ 24,106 13,048 26,342 $ 27,700 11,400 15,900 Total $ 63,496 $ 68,200 Total $ 51,955 $ 55,000 Long-term debt $ 75,000 $ 82,959 Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 45,000 $ 45,000 222.236 249.041 Fixed assets Net plant and equipment $330,695 $363.800 Total $ 267,236 $ 294,041 Total assets $ 394,191 $432.000 Total liabilities and owners equity $ 394,191 $432,000 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $ 367,234 235,500 38,600 $ 93,134 Earnings before interest and taxes Interest paid 14,900 Taxable income Taxes (21%) $ 78.234 16,429 Net income $ 61,805 Dividends Retained earnings $35,000 26.805 Find the following financial ratios for Smolira Gol 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., 3216. Round the remaining answers to 2 decimal places, e.g., 32.16.) d. Asset utilization ratios: Total asset turnover Inventory turnover Receivables turnover times times e. f. times