SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Cash Accounts receivable Inventory Current liabilities Total $ 3,121 4,752 12,538 $20,411 $ 3,157 Accounts payable 5,751 13,752 Notes payable Other $ 2,168 1,765 93 $ 2,630 $22,660 Total Fixed assets Net plant and equipment $51,884 $76,917 Total assets $72,295 $99,577 Total liabilities and owners' equity $72,295 $99,577 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total $ 4,026 $13,100 2,146 110 $ 4,886 $15,860 $39,500 $39,500 15,669 $55,169 $78,831 39,331 SMOLIRA GOLF, INC. 2016 Income Statement Sales Cost of goods sold $187,970 126,503 Depreciation EBIT Interest paid Taxable income 5,303 $ 56,164 1,400 $ 54,764 Taxes 19,167 Net income $ 35,597 Dividends Retained earnings $11,935 23,662 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent.) 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 2015 times times times 2016 times times times times times times g. Total debt ratio times times h.Debt-equity ratio times times i. Equity multiplier times times j. Times interest earned ratio times k.Cash coverage ratio times Profitability ratios 1. Profit margin m. Return on assets n.Return on equity %