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 $ 37,837 &nbsAccounts payable $ 36,722 27,766 Notes payable 19,008 42,632 19,864 $ 34,385 Current assets Cash Accounts receivable Inventory $ 42,582 17,801 16,200 24,634 36,310 Other Total $ 88,496 $ 108,235 Total $ 75,594 $ 83,416 Long-term debt $ 115,000 $ 145,000 $ 55,000 $ 55,000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings 307,217 344,452 Net plant and equipment $464,315 $ 519,633 Total $362,217 $399,452 Total assets $ 552,811 $627,868 Total liabilities and owners' equity $ 552,811 $627,868 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $506,454 359,328 44,463 $ 102,663 Earnings before interest and taxes Interest paid 19,683 Taxable income Taxes (25%) $ 82,980 20,745 Net income $ 62,235 Dividends Retained earnings $25,000 37,235 Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 2017 2018 Short-term solvency ratios: Current ratio a. times times b. Quick ratio times times C. Cash ratio times times Asset utilization ratios: d. Total asset turnover times times e. f. Inventory turnover Receivables turnover times 2017 2018 times times Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratio Equity multiplier 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. %