Some recent financial statements for Smolira Golf Corp. follow. Assets 2014 2015 2015 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2014 Current liabilities $ 24,500 Accounts payable $ 23,584 15,600 Notes payable 15,000 27,500 Other 11,971 Current assets Cash Accounts receivable Inventory $ 24,086 12,848 26,042 $ 27,500 11,200 18,300 Total $ 62,976 $ 67,600 Total $ 50,555 $ 57,000 $ 60,000 $ 73,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 44,000 237,116 $ 44,000 256,000 Fixed assets Net plant and equipment $328,695 $362,400 Total $281,116 $300,000 Total assets $ 391,671 $430,000 Total liabilities and owners' equity $391,671 $430,000 SMOLIRA GOLF CORP. 2015 Income Statement Sales Cost of goods sold Depreciation $ 373,473 254,500 32,800 Earnings before interest and taxes Interest paid $ 86,173 14,700 Taxable income Taxes (40%) $ 71,473 28,589 Net income $ 42,884 Dividends Retained earnings $ 24,000 18,884 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 times Short-term solvency ratios: a. Current ratio b. Quick ratio c. Cash ratio 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 % %