SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets
Assets									Liabilities and Owners Equity
	2014				2015					2014				2015
Current assets									Current liabilities
Cash	$	24,106			$	24,700			Accounts payable	$	23,784			$	27,700
Accounts receivable		13,048				15,800			Notes payable		16,000				11,400
Inventory		26,342				27,700			Other		12,171				15,900
Total	$	63,496			$	68,200			Total	$	51,955			$	55,000
									Long-term debt	$	75,000			$	90,000
									Owners equity
									Common stock and paid-in surplus	$	45,000			$	45,000
									Accumulated retained earnings		222,236				242,000
Fixed assets
Net plant and equipment	$	330,695			$	363,800			Total	$	267,236			$	287,000
Total assets	$	394,191			$	432,000			Total liabilities and owners equity	$	394,191			$	432,000

SMOLIRA GOLF CORP. 2015 Income Statement
Sales					$	367,234
Cost of goods sold						235,500
Depreciation						38,600
Earnings before interest and taxes					$	93,134
Interest paid						14,900
Taxable income					$	78,234
Taxes (30%)						23,470
Net income					$	54,764
Dividends	$	35,000
Retained earnings		19,764

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.)

e.	Inventory turnover	times
f.	Receivables turnover	times

Long-term solvency ratios:		2014	2015
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	%