Sales Cost of goods sold SMOLIRA GOLF CORP. 2021 Income Statement SMOLIRA GOLF CORP. 2021 Income Statement Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (25%) Net income Dividends Retained earnings $531,750 377,294 46,686 $107,770 20,650 $ 87,120 21,780 $ 65,340 $20,000 45,340 26. Calculating Financial Ratios [LO2] Find the following financial ratios for Smolira 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.