SMOLIRA GOLF CORPORATION
2020 and 2021 Balance Sheets
Assets	2020	2021	Liabilities and Owners Equity	2020	2021
Current assets			Current liabilities
Cash	$ 24,216	$ 25,800	Accounts payable	$ 24,884	$ 28,800
Accounts receivable	14,148	16,900	Notes payable	18,000	12,500
Inventory	27,722	28,800	Other	13,271	16,700
Total	$ 66,086	$ 71,500	Total	$ 56,155	$ 58,000
			Long-term debt	$ 86,000	$ 84,888
			Owners equity
			Common stock and paid-in surplus	$ 50,000	$ 50,000
			Accumulated retained earnings	215,626	241,112
Fixed assets
Net plant and equipment	$ 341,695	$ 362,500	Total	$ 265,626	$ 291,112
Total assets	$ 407,781	$ 434,000	Total liabilities and owners equity	$ 407,781	$ 434,000

SMOLIRA GOLF CORPORATION
2021 Income Statement
Sales		$ 357,290
Cost of goods sold		241,600
Depreciation		32,400
Earnings before interest and taxes		$ 83,290
Interest paid		16,000
Taxable income		$ 67,290
Taxes (22%)		14,804
Net income		$ 52,486
Dividends	$ 27,000
Retained earnings	25,486

Find the following financial ratios for Smolira Golf Corporation (use year-end figures rather than average values where appropriate): (Enter the 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:	2020		2021
a. Current ratio		times		times
b. Quick ratio		times		times
c. Cash ratio		times		times

Asset utilization ratios:
d. Total asset turnover	0.00	times
e. Inventory turnover	0.00	times
f. Receivables turnover	0.00	times

Long-term solvency ratios:	2020		2021
g. Total debt ratio		times		times
h. Debt-equity ratio		times		times
i. Equity multiplier		times		times

j. Times interest earned ______ times k. Cash coverage ratio _____ times

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