SMOLIRA GOLF CORP Cument labilities Current assets $ 37 837 Accounts payable $ 36,722 s 34385 17.801 19,008 19864 75.594 14 27,766Notes paryable Inventory 6310 632 Total 496 $1Long term debt $115.000 27. Owners equity Common stock and paid-n surpus $ 55.000 s netained earmnings 307 217 Total 550 Fixed assets Net plant and 362 217 S99 equipment 46431551933 equipment 464,315 Total liablities and $552,811 $627 Total assets $552.811 $27 868 owners" equity SMOLIRA GOLF CORP 2018 Income Statement $506.454 359,328 44 463 $102.663 Cost of goods sold Earnings before interest and taxes Intorest paid Taxable income Taxes (25 Net income 19.683 $ 82.980 20,745 $62,23 $25.000 Retained earmings 37235 Calculating Financial Ratios [L02] Find the following financial ratios for Smin 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 T. Receivables turnover. Long-term solvency ratios: 2. Total debt ratio. h. Debt-equity ratio