Smolira Golf Inc. Balance Sheets for 2012 Cash Accounts Receivable Inventory Total Current Assets $2505 $5158 $8873 $16536 Accounts Payable Notes Payable Other Total Current Liabilities Long-term Debt $ 1971 $ 1582 $ 200 $ 3753 $ 12500 Common Stock Retained Earnings Total Common Equity $30000 $ 22404 $ 52404 Net Plant and Equipment $52121 Total Assets $68657 Total Liabilities and Equity $ 68657 Smolira Golf Inc. Income Statement 2012 Sales Cost of Goods Sold Depreciation EBIT Interest EBT Taxes Net Income $125000 65007 4000 $ 55993 900 $ 55093 19335 $ 35758 Dividends Retained Earnings $17700 $18058 1a. Use financial information for Smolira Golf Inc (see below) to calculate the following financial ratios: Current Ratio Quick Ratio Total Asset Turnover Days Sales in Inventory Average Collection Period Debt Ratio Equity Multiplier TIE Ratio Profit Margin ROA ROE 1b. Conduct Dupont analysis using the following relationship: ROE = Profit Margin Total Asset Turnover * Equity Multiplier