Balance Sheets as of December 31, 2013 and 2014
	2013		2014				2013		2014
Assets						Liabilities and Owners Equity
Current assets						Current liabilities
Cash	$	2,851	$	2,707		Accounts payable	$	2,213	$	2,720
Accounts receivable		4,707		5,661		Notes payable		1,810		2,236
Inventory		12,718		13,662		Other		102		119
Total	$	20,276	$	22,030		Total	$	4,125	$	5,075
						Long-term debt	$	14,500	$	17,260
						Owners equity
						Common stock
						and paid-in surplus	$	44,000	$	44,000
Fixed assets						Accumulated retained earnings		15,714		39,988
Net plant and equipment	$	58,063	$	84,293		Total	$	59,714	$	83,988
Total assets	$	78,339	$	106,323		Total liabilities and owners equity	$	78,339	$	106,323

SMOLIRA GOLF, INC. 2014 Income Statement
Sales	$	189,770
Cost of goods sold		127,403
Depreciation		5,213
EBIT	$	57,154
Interest paid		1,310
Taxable income	$	55,844
Taxes		19,545
Net income	$	36,299
Dividends	$	12,025
Retained earnings		24,274

Required:

Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16). Enter the profitability ratios as percents.)

		2013		2014
Short-term solvency ratios
a.	Current ratio		times		times
b.	Quick ratio		times		times
c.	Cash ratio		times		times
Asset utilization ratios
d.	Total asset turnover				times
e.	Inventory turnover				times
f.	Receivables turnover				times
Long-term solvency ratios
g.	Total debt ratio		times		times
h.	Debt-equity ratio		times		times
i.	Equity multiplier		times		times
j.	Times interest earned ratio				times
k.	Cash coverage ratio				times
Profitability ratios
l.	Profit margin				%
m.	Return on assets				%
n.	Return on equity				%