Some recent financial statements for Smolira Golf Corp. follow. 9 666 points Assets 2017 2018 $ 24,106 SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 24,700 Accounts payable $ 23,784 15,800 Notes payable 16,000 27,700 Other 12,171 $ 158,200 Total 51,955 Current assets Cash Accounts receivable Inventory eBook 13.048 $ 27700 11,400 15.900 Hint 26,342 Print Total $ 63,496 References $ 55,000 $ 75,000 $ 82.959 Long-term debt Owners' equity Common stock and paid in surplus Accumulated retained earnings $ 45,000 $ 45,000 222.236 249,041 Fixed assets Net plant and equipment $330,695 $363.800 Total $ 267,236 $ 294,041 Total assets $ 394.191 $432.000 Total liabilities and owners' equity $ 394,191 $432.000 Analysis of Financial Statements - Homework Saved 9 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $ 367,234 235,500 38,600 Earnings before interest and taxes Interest paid 6.66 points $ 93,134 14,900 eBook Taxable income Taxes (21%) $ 78,234 16,429 Hint Net income $ 61,805 Print References Dividends Retained earnings $35.000 26,805 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.) 2017 2018 a Short-term solvency ratios: Current ratio Quick ratio Cash ratio times times b times times C timos times Asset utilization ratios: d Total asset turnover e. Inventory turnover f. Receivables turnover times times ts times eBook Hint Print eferences 2017 2018 g Long-term solvency ratios: Total debt ratio Debt-equity ratio Equity multiplier times h times times times times 1. times 1 Times interest earned Cash coverage ratio times k times 1. Profitability ratios: Profit margin Return on assets Return on equity % m. % n. %