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 $ 3,031 $ 3,007 Accounts payable $ 2,183 $ 2,660 Accounts receivable 4,737 5,721 Notes payable 1,780 2,176 Inventory 12,598 13,722 Other 96 113 Total $20,366 $22,450 Total $ 4,059 $ 4,949 $ 13,900 $16,660 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 41,000 $41,000 Fixed assets 15,684 39,550 Net plant and equipment $54,277 $ 79,709 Total $56,684 $ 80,550 Total assets $ 74,643 $102,159 Total liabilities and owners' equity $ 74,643 $ 102,159 SMOLIRA GOLF, INC. 2019 Income Statement Sales 188,570 126,803 Cost of goods sold Depreciation 5,273 EBIT Interest paid $56,494 1,370 Taxable income Taxes $ 55,124 19,293 Net income $ 35,831 Dividends Retained earnings $ 11,965 23,866 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.) 2018 2019 times times times times times times d. times times times Short-term solvency ratios a. Current ratio b. Quick ratio c. Cash ratio Asset utilization ratios Total asset turnover Inventory turnover Receivables turnover Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio Equity multiplier Times interest earned ratio k. Cash coverage ratio Profitability ratios I. Profit margin m. Return on assets n. Return on equity times times times times times times times times