Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 24,400 Accounts payable $ 23,484 15,500 Notes payable 13,000 27,400 Other 11,871 2018 Current assets Cash Accounts receivable Inventory $ 27,400 $ 24,076 12,748 25,742 11,100 17,500 es Total $ 62,566 $ 67,300 Total $ 48,355 $ 56,000 $ 72,000 $ 85,616 Long-term debt Owners' equity Common stock and paid in surplus Accumulated retained earnings $ 45,000 $ 45,000 224,906 243,384 Fixed assets Net plant and equipment $327,695 $362,700 Total $269,906 $288,384 Total assets $390,261 $430,000 Total liabilities and owners' equity $ 390,261 $430,000 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $ 378,618 254,000 56,150 Earnings before interest and taxes Interest paid $ 68,468 14,600 Taxable income Taxes (23%) $ 53,868 12,390 Net income $ 41,478 Dividends Retained earnings $23,000 18,478 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.) 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 b. times times C. times times Asset utilization ratios: d. Total asset turnover times times e. Inventory turnover f. Receivables turnover times 0. VUILNIAU Us LIITIES C. Cash ratio times times Asset utilization ratios: d. Total asset turnover e. Inventory turnover f. Receivables turnover times times times 2017 2018 times times Long-term solvency ratios: 9 Total debt ratio h. Debt-equity ratio i. Equity multiplier times times times times 2017 2018 times Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratio i. Equity multiplier times times times times times j Times interest earned times k. Cash coverage ratio times % Profitability ratios: 1. Profit margin m. Return on assets Return on equity % n. %