Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 24,600 Accounts payable $ 23,684 15,700 Notes payable 14,000 27,600 Other 12,071 $ 24,096 12,948 26,242 $ 27,600 11,300 18,100 Total $ 63,286 $ 67,900 Total $ 49,755 $ 57,000 Long-term debt $ 74,000 $ 70,557 $ 48,000 $ 48,000 Owners' equity Common stock and pald-in surplus Accumulated retained earnings 221,226 253,444 Fixed assets Net plant and equipment $329,695 $ 361,100 Total $269,226 $ 301,444 Total assets $ 392,981 $429,000 Total liabilities and owners' equity $ 392,981 $429,000 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $ 414,290 265,500 57,700 Earnings before Interest and taxes Interest pald $ 91,090 14,800 Taxable income Taxes (25%) $ 76,290 19,073 Net Income $ 57,218 Dividends Retained earnings $25,000 32,218 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 percen rounded to 2 decimal places, e.g., 32.16. Round the remaining answers to 2 decimal places, e.g., 32.16.) 2017 2018 times times a. b. C Short-term solvency ratios: Current ratio Quick ratio Cash ratio times times times times Asset utilization ratios: d. Total asset turnover times times e. Inventory turnover f. Receivables turnover times 2017 2018 times times Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratio i. Equity multiplier times times times times times j. k. Times interest earned Cash coverage ratio times