Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 24,800 Accounts payable $ 23,884 15,900 Notes payable 17,000 27,800 Other 12,271 Current assets Cash Accounts receivable Inventory $ 24,116 13,148 26,392 $ 27,800 11,500 15,700 Total $ 63,656 $ 68,500 Total $ 53,155 $ 55,000 Long-term debt $ 76,000 $ 80,259 $ 40,000 $ 40,000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings 226,196 258,741 Fixed assets Net plant and equipment $331,695 $365,500 Total $266,196 $ 298,741 Total assets $395,351 $434,000 Total liabilities and owners' equity $395,351 $434,000 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $ 396,340 256,000 49,000 $ Earnings before interest and taxes Interest paid 91,340 15,000 $ Taxable income Taxes (22%) 76,340 16,795 Net income $ 59,545 Dividends Retained earnings $27,000 32,545 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. times times Short-term solvency ratios: Current ratio Quick ratio Cash ratio times times times c. times Asset utilization ratios: d. times Total asset turnover Inventory turnover Receivables turnover times f. times 2017 / 2018 | Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratio times times times times times i. Equity multiplier times times Times interest earned Cash coverage ratio k. times I. Profitability ratios: Profit margin Return on assets Return on equity n