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 $ 26,100 Accounts payable $ 25,184 17,200 Notes payable 20,000 29,100 Other 13,571 $ 24,246 Current assets Cash Accounts receivable Inventory $ 29,100 14,448 12,800 27,992 18,100 Total $ 66,686 $ 72,400 Total $ 58,755 $ 60,000 Long-term debt $ 89,000 $ 103,648 $ 50,000 $ 50,000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings 213,626 223,352 Fixed assets Net plant and equipment $344,695 $364,600 Total $263,626 $ 273,352 Total assets $ 411,381 $ 437,000 Total liabilities and owners' equity $ 411,381 $ 437,000 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $360,968 262,500 29,200 $ 69,268 Earnings before interest and taxes Interest paid 16,300 Taxable income Taxes (25%) $ 52,968 13,242 Net income $ 39,726 Dividends Retained earnings $30,000 9,726 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 Short-term solvency ratios: a. Current ratio b. Quick ratio times times times times c. Cash ratio times times Asset utilization ratios: d. Total asset turnover times e. times Inventory turnover Receivables turnover f. times 2017 2018 times times Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratio i. Equity multiplier times times times times j. Times interest earned times k. Cash coverage ratio times Profitability ratios: I. Profit margin m. Return on assets n. Return on equity % % %