nt ances 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 SHOLIRA GOLF, INC. 2016 Income Statement Dividends Retained earnings $ 3,001 4,732 12,618 $20,351 SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 $54,908 $ 80,473 $75,259 $102,853 $11,975 23,934 $ 2,957 5,711 13,712 $22,380 $188,770 126,903 5,263 $ 56,604 1,360 $ 55,244 19,335 $ 35,909 2015 Liabilities and Owners' Equity $ 2,188 1,785 97 Current liabilities Accounts payable. Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $4,870 $14,000 $41,500 15,689 $57,189 $75,259 2016 $ 2,670 2,186 114 $ 4,978 $ 16,760 $ 41,500 39,623 $ 81,123 $102,853 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g. 32.16. Enter the profitability ratios as a percent.) Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings $11,975 23,934 $188,770 126,903 5,263 $ 56,604 1,360 $ 55,244 19,335 $ 35,909 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent.) 2016 Short-term solvency ratios a. Current ratio b. Quick ratio Asset utilization ratios, d. Total asset turnover e. Inventory turnover Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio 1. Equity multiplier. 3. Times interest earned ratio Profitability ratios 1. Profit margin n. Return on equity tines tines tines times tines tines times tines