EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income Sales $366,996 Cost of goods sold 253,122 Depreciation 32,220 Earnings before interest and tax $ 81,654 Interest paid 14,300 Taxable income $ 67,354 Taxes (35%) 23,574 Net Income $ 43,780 Dividends $20.000 Additions to retained earnings 23,780 27. Calculating Financial Ratios (L03) Find the following financial ratios for Earl Grey 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 Page 107 Long-term solvency ratios 3. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest carned ratio k. Cash coverage ratio Profitability ratios 1. Profit margin m. Return on assets n. Return on equity