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 26,100 Accounts payable $ 25,184 17,200 Notes payable 20,000 29,100 Other 13,571 Current assets Cash Accounts receivable Inventory $ $ 24,246 14.448 27,992 $ 66,686 $ 29,100 12,800 18,100 es Total $ 72,400 Total $ 58,755 $ 60,000 Long-term debt $ 89,000 $ 103,648 $ 50,000 Owners' equity Common stock and paid-in $ 50,000 surplus Accumulated retained 213,626 earnings 223,352 Fixed assets Net plant and equipment $344,695 $364,600 Total $263,626 $ 273,352 Total assets $ 411,381 $ 437,000 Total liabilities and owners' equity $ 411,381 $437,000 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $360,968 262,500 29,200 Earnings before interest and taxes Interest paid $ 69,268 16,300 Taxable income Taxes (25%) $ 52,968 13,242 Net income 9 Dividends Retained earnings $30,000 9,726 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 times times Short-term solvency ratios: a. Current ratio b. Quick ratio c. Cash ratio times times times Asset utilization ratios: Total asset turnover e. Inventory turnover 1. Receivables turnover times times times 1201 Long-term solvency ratios: 9. Total debt ratio Debt-equity ratio 1. Equity multiplier times times times ISIS times Times interest eamed Cash coverage ratio k times