Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Sales Cost of goods sold Depreciation 2017 EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position $ 24,046 12,448 25,392 $ 61,886 $ 66,645 $324,695 $386,581 Earnings before interest and tax Interest paid Taxable income Taxes (35%) 2018 Net income Dividends Additions to retained earnings $ 24,255 15,235 27,155 EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income $365,734 $432,379 $20,000 23,780 Current liabilities Accounts payable Notes payable Other Total Liabilities and Owners' Equity 2017 Long-term debt Owners' equity Common stock and paid-in surplus $ 40,000 219,826 $259,826 Total liabilities and owners' equity $386,581 Retained earnings Total $366,996 253, 122 32,220 $ 81,654 14,300 $ 67,354 23,574 $ 43,780 $ 23,184 12,000 11,571 $ 46,755 $ 80,000 2018 $ 27,420 10,800 15,553 $ 53,773 $ 95,000 $ 40,000 243, 606 $283, 606 $432,379 Find the following financial ratios for Earl Grey Golf Corp. (use year-end figures rather than average values where appropriate): (Round the final answers to 2 decimal places.) 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 j. Times interest earned k. Cash coverage ratio Profitability ratios: 1. Profit margin m. Return on assets n. Return on equity 2017 times times times 2017 times times times times times times times 2018 2018 times times times times times