SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets
Assets									Liabilities and Owners Equity
	2014				2015					2014				2015
Current assets									Current liabilities
Cash	$	23,066			$	25,300			Accounts payable	$	24,384			$	28,300
Accounts receivable		13,648				16,400			Notes payable		14,000				12,000
Inventory		27,152				28,300			Other		12,771				19,700
Total	$	63,866			$	70,000			Total	$	51,155			$	60,000
									Long-term debt	$	81,000			$	90,000
									Owners equity
									Common stock and paid-in surplus	$	55,000			$	55,000
									Accumulated retained earnings		213,406				229,000
Fixed assets
Net plant and equipment	$	336,695			$	364,000			Total	$	268,406			$	284,000
Total assets	$	400,561			$	434,000			Total liabilities and owners equity	$	400,561			$	434,000

SMOLIRA GOLF CORP. 2015 Income Statement
Sales					$	333,706
Cost of goods sold						215,200
Depreciation						49,300
Earnings before interest and taxes					$	69,206
Interest paid						15,500
Taxable income					$	53,706
Taxes (30%)						16,112
Net income					$	37,594
Dividends	$	22,000
Retained earnings		15,594

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.)

Short-term solvency ratios:		2014	2015
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:		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	%