SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 3,211 $ 3,307 Accounts payable $ 2,153 $ 2,600 Accounts receivable 4,767 5,781 Notes payable 1,750 2,116 Inventory 12,478 13,782 Other 90 107 Total $20,456 $22,870 Total $ 3,993 $ 4,823 $ 13,400 $ 16,160 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $38,000 $ 38,000 Fixed assets 15,654 39,112 Net plant and equipment $ 50,591 $75,225 Total $53,654 $ 77,112 Total assets $ 71,047 $98,095 Total liabilities and owners' equity 98,095 $ 71,047 $ SMOLIRA GOLF, INC. 2019 Income Statement Sales $ 187,370 Cost of goods sold 126,203 Depreciation 5,333 EBIT Interest paid $55,834 1,430 Taxable income Taxes $ 54,404 19,041 Net income $35,363 Dividends Retained earnings $ 11,905 23,458 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.) times times times times i. Equity multiplier j. Times interest earned ratio k. Cash coverage ratio Profitability ratios I. Profit margin m. Return on assets n. Return on equity % % %