ome recent financial statements for Smolira Golf Corp. follow.

SMOLIRA GOLF 2011 and 2012 Balance Sheets
Assets									Liabilities and Owners Equity
	2011				2012					2011				2012
Current assets									Current liabilities
Cash	$	24,046			$	24,255			Accounts payable	$	23,184			$	27,420
Accounts receivable		12,448				15,235			Notes payable		12,000				10,800
Inventory		25,392				27,155			Other		11,571				15,553
Total	$	61,886			$	66,645			Total	$	46,755			$	53,773
									Long-term debt	$	80,000			$	95,000
									Owners equity
									Common stock and paid-in surplus	$	40,000			$	40,000
									Accumulated retained earnings		219,826				243,606
Fixed assets
Net plant and equipment	$	324,695			$	365,734			Total	$	259,826			$	283,606
Total assets	$	386,581			$	432,379			Total liabilities and owners equity	$	386,581			$	432,379

SMOLIRA GOLF, INC. 2012 Income Statement
Sales					$	366,996
Cost of goods sold						253,122
Depreciation						32,220
Earnings before interest and taxes					$	81,654
Interest paid						14,300
Taxable income					$	67,354
Taxes (35%)						23,574
Net income					$	43,780
Dividends	$	20,000
Retained earnings		23,780

Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): (Round your answers to 2 decimal places. (e.g., 32.16))

Short-term solvency ratios:		2011	2012
a.	Current ratio	times	times
b.	Quick ratio	times	times
c.	Cash ratio	times	times

Asset utilization ratios:
d.	Total asset turnover	times
e.	Inventory turnover	times
f.	Receivables turnover	times

Long-term solvency ratios:		2011	2012
g.	Total debt ratio	times	times
h.	Debtequity ratio	times	times
i.	Equity multiplier	times	times

j.	Times interest earned	times
k.	Cash coverage ratio	times

Profitability ratios:
I.	Profit margin	%
m.	Return on assets	%
n.	Return on equity	%