SMOLIRA GOLF CORP. 2021 Income Statement $531,750 Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (25%) Net income Dividends Retained earnings $20,000 45,340 377,294 46.686 $107,770 20,650 $ 87,120 21,780 $ 65,340 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. Long-term solvency ratios: g. Total debt ratio. h. Debt-equity ratio. i. Equity multiplier. j. Times interest earned ratio. k. Cash coverage Profitability ratios: I. Profit margin. ratio. m. Return on assets. n. Return on equity.