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Calculating Financial Ratios [ [ LO 2 ] Find the following financial ratios for Smolira Golf Corp. ( use year - end figures rather than

Calculating Financial Ratios [[ LO2] Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate):
Short-term solvency ratios:
a. Current ratio.
b. Quick ratio.
c. Cash ratio.
Asset utilization ratios:
d. Total asset turnover.
e. Inventory turnover.
f. Receivables turnover.
Long-term solvency ratios:
g. Total debt ratio.
h. Debt-equity ratio.
i. Equity multiplier.
i. Times interest earned ratio.
SMOLIRA GOLF CORP.
2020 and 2021 Balance Sheets
\table[[Assets,Liabilities and Owners' Equity],[,2020,2021,,2020,2021],[Current assets,,,Current liabilities,,],[Cash,$32,653,$39,350,Accounts payable,$34,886,$44,285

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