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 $ 25,400 Accounts payable $ 24,484 16,500 Notes payable 14,000 28.400 Other 12.871 Current assets Cash Accounts receivable Inventory $ 28,400 $ 23,076 13,748 12.100 27, 252 17,500 Total $ 64,076 $ 70,300 Total $ 51,355 $ 58,000 Long-term debt $ 82,000 $ 91.741 Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 45,000 $ 45,000 223,416 239,659 Fixed assets Net plant and equipment $337,695 $ 364,100 Total $268.416 $ 284,659 Total assets $ 401,771 $434.400 Total liabilities and owners' equity $ 401,771 $434.400 $352,549 229,000 41,400 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (23%) Net income $ 82,149 15.600 $ 66,549 15,306 $ 51,243 vidends Retained earnings $35.000 16,243 Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): (Enter your profitability ratlo 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 d. times Asset utilization ratios: Total asset turnover Inventory turnover Receivables turnover times times f. 2017 2018 9. times times Long-term solvency ratios: Total debt ratio h. Debt-equity ratio i. Equity multiplier times times times times Times interest earned Cash coverage ratio times times L. Profitability ratios: Profit margin Return on assets Return on equity % % m. 96