I'm having problems with this homework problem for finance.

1. Award: 10.00 points You did not receive full credit for this question in a previous attempt Some recent financial statements for Smolira Golf Corp, follow Assets 2017 2018 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 25,100 Accounts payable $ 24,184 16,200 Notes payable 20,000 28.100 Other 12,571 $ 69,400 Total $ 56,755 $ 23,046 13,448 26,822 $ 28,100 11,800 19.100 Total $ 63,316 $ 59,000 Long-term debt $ 79,000 $ 83,424 Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 48,000 214,256 $ 48,000 243,576 Fixed assets Net plant and equipment $334,695 $364,600 Total $262,256 S291,576 Total assets $ 398,011 $434,000 $398,011 Total liabilities and owners' equity $434,000 SMOLIRA GOLF CORP 2018 Income Statement Sales Cost of goods sold Depreciation $ 349,760 241,500 27,200 Eamings before interest and taxes Interest paid $ 81,060 15,300 Taxable income Taxes (25%) $ 65,760 16,440 Net income $ 49,320 Dividends Retained earnings $ 20,000 29,320 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 places, e.g., 32.16.) 2017 Short-term solvency ratios: Current ratio Quick ratio Cash ratio 2018 1.18 times 0.70 times 0.43 times 1.12 times 0.64 times 0.4 times b. C. d. 0.81 times Asset utilization ratios: Total asset turnover Inventory turnover Receivables tumover e. 8.60 times f. 24.43 times 2017 2018 0.35 times 0.34 times Long-term solvency ratios: g Total debt ratio h. Debt-equity ratio i. Equity multiplier 0.55 times 0.52 times 1.55 times 1.52 times . times Times interest earned Cash coverage ratio k. times Profitability ratios: 1. Profit margin m. Return on assets n. Return on equity 14.10% 0.81 % 1.49% References Worksheet Learning Objective: 03-02 Compute and, more imnortantly interpret some