Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Additions to retained earnings 2018 $ 5,298 7,707 12,150 $25,155 $75,301 $100,456 SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2019 Current liabilities $ 5,827 8,477 21,956 $36,260 Accounts payable Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 79,412 Total $115,672 Total liabilities and owners' equity SMOLIRA GOLF, INC. 2019 Income Statement Liabilities and Owners' Equity $16,000 11,647 | 2018 $ 3,754 3,045 152 $ 6,951 $24,700 $40,000 28,805 $68,805 $100,456 $229,854 184,317 8,730 $ 36,807 1,811 $ 34,996 7,349 $ 27,647 2019 $ 3,986 3,318 179 $ 7,483 $ 16,000 $ 37,000 55,189 $92,189 $115,672 35. Calculating Financial Ratios Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): Short-term solvency ratios a. Current ratio blank b. Quick ratio blank c. Cash ratio blank Asset utilization ratios d. Total asset turnover blank e. Inventory turnover blank f. Receivables turnover blank Long-term solvency ratios g. Total debt ratio blank h. Debt-equity ratio blank i. Equity multiplier blank j. Times interest earned ratio blank k. Cash coverage ratio blank blank blank blank Profitability ratios 1. Profit margin m. Return on assets n. Return on equity