Please provide me a detailed answer for these questions.

Some recent financial statements for Earl Grey Golf Corp. follow. Use this information to work on Problems 27 through 31. EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Assets Liabilities and Owners Equity 2017 2018 2017 2018 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 Fixed assets Long-term debt $ 80,000 $ 95,000 Net plant and equipment $324,695 $365,734 Owners equity Common stock and paid-in surplus $ 40,000 $ 40,000 Retained earnings 219,826 243,606 Total $259,826 $283,606 Total assets $386,581 $432,379 Total liabilities and owners equity $386,581 $432,379 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 (LO3) 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 108 Long-term solvency ratios g. Total debt ratio __________________________ h. Debtequity ratio __________________________ i. Equity multiplier __________________________ j. Times interest earned ratio __________________________ k. Cash coverage ratio __________________________ Profitability ratios l. Profit margin __________________________ m. Return on assets __________________________ n. Return on equity __________________________

28. DuPont Identity (LO4) Construct the DuPont identity for Earl Grey Golf Corp.