Some recent financial statements for Smolira Golf Corp. follow. 2015 Current assets Cash Accounts receivable Inventory Total $ 27,700 11,400 15,900 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 Current liabilities $ 24,106 $ 24,700 Accounts payable $ 23,784 13.048 15,800 Notes payable 16,000 26,342 27.700 Other 12,171 $ 63,496 $ 68,200 Total $ 51.955 Long-term debt $ 75,000 Owners' equity Common stock and paid-in surplus $ 45,000 Accumulated retained earnings 222,236 $330,695 $363.800 Total $267.236 $394,191 $432,000 Total liabilities and owners' equity $394,191 $ 55,000 $ 90,000 $ 45,000 242,000 Fixed assets Net plant and equipment Total assets $287,000 $432,000 $367,234 235.500 38.600 SMOLIRA GOLF CORP 2015 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (30%) Net income $ 93,134 14,900 $ 78,234 23,470 $ 54,764 Dividends Retained earnings $ 35,000 19,764 Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): (Enter your 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.) 2014 2015 Short-term solvency ratios: a. Current ratio b. Quick ratio times times times times times C. Cash ratio times times Asset utilization ratios: d. Total asset turnover e. Inventory turnover f. Receivables turnover times times 2014 2015 times times Long-term solvency ratios 9. Total debt ratio h. Debt-equity ratio Equity multiplier times times times times times 1. Times interest earned k. Cash coverage ratio times % Profitability ratios 1. Profit margin m. Return on assets n. Retum on equity %