SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets
Assets									Liabilities and Owners Equity
	2014				2015					2014				2015
Current assets									Current liabilities
Cash	$	24,136			$	25,000			Accounts payable	$	24,084			$	28,000
Accounts receivable		13,348				16,100			Notes payable		19,000				11,700
Inventory		26,722				28,000			Other		12,471				18,300
Total	$	64,206			$	69,100			Total	$	55,555			$	58,000
									Long-term debt	$	78,000			$	89,000
									Owners equity
									Common stock and paid-in surplus	$	60,000			$	60,000
									Accumulated retained earnings		204,346				226,000
Fixed assets
Net plant and equipment	$	333,695			$	363,900			Total	$	264,346			$	286,000
Total assets	$	397,901			$	433,000			Total liabilities and owners equity	$	397,901			$	433,000

SMOLIRA GOLF CORP. 2015 Income Statement
Sales					$	383,818
Cost of goods sold						257,000
Depreciation						48,300
Earnings before interest and taxes					$	78,518
Interest paid						15,200
Taxable income					$	63,318
Taxes (20%)						12,664
Net income					$	50,654
Dividends	$	29,000
Retained earnings		21,654

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.)

Asset utilization ratios: 2014
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

2014
j.	Times interest earned	times
k.	Cash coverage ratio	times

Profitability ratios: 2014
I.	Profit margin	%
m.	Return on assets	%
n.	Return on equity	%