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 $ 24,300 Accounts payable $ 23,384 15,400 Notes payable 13,000 27,300 Other 11,771 Current assets Cash Accounts receivable Inventory $ 24,066 12,648 25,642 $ 27,300 11,000 16,700 Total $ 62,356 $ 67,000 Total $ 48,155 $ 55,000 $ 71,000 $ 82,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 42,000 227,896 $ 42,000 250,000 Fixed assets Net plant and equipment $326,695 $362,000 Total $269,896 $292,000 Total assets $389,051 $429,000 Total liabilities and owners' equity $389,051 $429,000 SMOLIRA GOLF CORP. 2015 Income Statement Sales Cost of goods sold Depreciation $369,630 253,500 46,500 Earnings before interest and taxes Interest paid $ 69,630 14,500 Taxable income Taxes (20%) $ 55,130 11,026 Net income $ 44,104 Dividends Retained earnings $ 22,000 22,104 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 Short-term solvency ratios: a. Current ratio times times b. Quick ratio times times C. Cash ratio times times Asset utilization ratios: d. Total asset turnover times e. Inventory turnover times f. Receivables turnover times 2014 2015 times 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 k. Cash coverage ratio times % Profitability ratios: I. Profit margin m. Return on assets n. Return on equity % %