Check my w Assets 2017 2018 Trent assets Cash Accounts eivable Inventory $ 23,996 13,948 27,462 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 25,600 Accounts payable $ 24,684 16,700 Notes payable 16,000 28,600 Other 13,071 $ 70,900 Total $ 53,755 Long-term debt $ 84,000 $ 28,600 12,300 19,100 Total $ 65,406 $ 60,000 $ 91,541 Owners' equity Common stock and paid-in $ 60,000 surplus Accumulated retained 207,346 earnings $ 60,000 220,460 $267,346 $280,460 Fixed assets Net plant and quipment Total $339,695 $ 361,100 $405,101 $432.000 Total liabilities and owners equity $432,000 $ 405,101 Total assets SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $376,068 260,000 49,450 Earnings before interest and taxes Interest paid $ 66,618 15,800 Taxable income Taxes (25%) $ 50,818 12,705 Net income $ 38,114 Dividends Retained earnings $25,000 13,114 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 Asset utilization ratios: d. Total asset turnover e. Inventory turnover f. Receivables turnover times times times 2017 2018 times Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratio i. Equity multiplier times times times times times times Times interest earned Cash coverage ratio times Profitability ratios: Profit margin m. Return on assets Return on equity