Some recent financial statements for Smolira Golf Corp. follow. Assets 2011 SMOLIRA GOLF 2011 and 2012 Balance Sheets Liabilities and Owners' Equity 2012 2011 Current liabilities $ 25,900 Accounts payable $ 24,984 17,000 Notes payable 17,000 28,900 Other 13,371 2012 Current assets Cash Accounts receivable Inventory $ 24,226 14,248 27,802 $ 28,900 12,600 17,500 Total $ 66,276 $ 71,800 Total $ 55,355 $ 59,000 $ 124,000 $132,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 60,000 169,616 $ 60,000 185,000 Fixed assets Net plant and equipment $ 342,695 $364,200 Total $229,616 $245,000 Total assets $408,971 $436,000 Total liabilities and owners' equity $408,971 $436,000 SMOLIRA GOLF, INC. 2012 Income Statement Sales Cost of goods sold Depreciation $ 390,477 261,500 50,900 Earnings before interest and taxes Interest paid $ 78,077 16,100 Taxable income Taxes (30%) $ 61,977 18,593 Net income $ 43,384 Dividends Retained earnings $ 28,000 15,384 Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): (Round your answers to 2 decimal places. (e.g., 32.16)) 2011 2012 Short-term solvency ratios: a. Current ratio b. Quick ratio C. Cash ratio times times times times times times Asset utilization ratios: d. Total asset turnover e. Inventory turnover f. Receivables turnover times times times 2011 2012 Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratio i. Equity multiplier times times times times times times j. Times interest earned k. Cash coverage ratio times times Profitability ratios: 1. Profit margin m. Return on assets n. Return on equity