Some recent financial statements for Smolira Golf Corp. follow. Assets 2014 2015 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 Current liabilities $ 25,500 Accounts payable $ 24,584 16,600 Notes payable 15,000 28,500 Other 12,971 Current assets Cash Accounts receivable Inventory $ 23,086 13,848 27,362 $ 28,500 12,200 18,300 Total $ 64,296 $ 70,600 Total $ 52,555 $ 59,000 $ 55,000 $ 61,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 52,000 243,436 $ 52,000 263,000 Fixed assets Net plant and equipment $338,695 $364,400 Total $295,436 $315,000 Total assets $402,991 $435,000 Total liabilities and owners' equity $402,991 $435,000 SMOLIRA GOLF CORP. 2015 Income Statement Sales Cost of goods sold Depreciation $359,607 235,900 35,400 Earnings before interest and taxes Interest paid $ 88,307 15,700 Taxable income Taxes (40%) $ 72,607 29,043 Net income $ 43,564 Dividends Retained earnings $ 24,000 19,564 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.) 2014 2015 times 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 2014 2015 Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratio i. Equity multiplier times times times times times times times j. Times interest earned k. Cash coverage ratio times % Profitability ratios: I. Profit margin m. Return on assets n. Return on equity % %