SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets 2018 Current liabilites 2017 2017 2018 Current Assets 34,385 37,837 Account payable 36,722 42,582 Cash Accounts Receivable 17,801 27,766 Notes payable 19,008 16,200 Inventory 36,310 42,632 Other 19,864 24,634 Total 88,496 108,235 Total 75,594 83,416 115,000 145,000 Fixed Assets Net plant and equipment 464,315 519,633 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings 55,000 55,000 307,217 344,452 362,217 399,452 Total Total liablities and owners' equity Total Assets 552,811.0 627,868 552,811 627,868 2018 Income Statement Sales 506,454 359,328 Cost of goods sold Depreciation 44,463 Earnings before interest and taxes 102,663 Interest paid 19,683 Taxable income 82,980 Taxes(25%) 20,745 Net Income 62,235 Dividends 25,000 37,235 Retained earnings 6. Calculate below ratios of for Smolira Golf Corp a. Current ratio b. quick ratio C. cash ratio d. total asset turnover e. inventory turnover f. receivables turnover g. total debt ratio h. debt-equity ratio i. equity multiplier j. profit margin k. return on assets 1. return on equity 7. Construct the DuPont identity for Smolira Golf Corp 8. Prepare the 2018 statement of cash flows for Smolira Golf Corp. 9. Smolira Golf Corp has 20,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $58. What is the price-earnings ratio? What are the dividends per share? What is the market-to-book ratio at the end of 2018