Some recent financial statements for Smolira Golf Corp. follow Assets 2014 2015 Current assets Cash Accounts receivable Inventory $ 23,066 13,648 27.152 SMOLIRA GOLF CORP. 2014 and 2015 Balance Shoots Liabilities and Owners' Equity 2015 2014 Current liabilities $ 25,300 Accounts payable $ 24,384 16,400 Notes payable 14,000 28,300 Other 12,771 $ 70,000 Total $ 51,155 Long-term debt $ 81,000 Owners' equity Common stock and paid surplus $ 55,000 Accumulated retained earnings 213,406 $364,000 Total $268.406 $ 28,300 12,000 19,700 Total $ 63,866 $ 60,000 $ 90,000 $ 55,000 229,000 Fixed assets Net plant and equipment $336,695 $284,000 Total assets $400,561 $434,000 Total liabilities and owners' equity $400,561 $434,000 SMOLIRA GOLF CORP. 2015 Income Statement Sales Cost of goods sold Depreciation $333,706 215,200 49,300 BE JA SMOLIRA GOLF CORP. 2015 Income Statement Sales Cost of goods sold Depreciation $333,706 215,200 49,300 Earnings before interest and taxes Interest paid $ 69,206 15,500 Taxable income Taxes (30%) $ 53,706 16,112 Net income $ 37,594 Dividends Retained earnings $ 22,000 15,594 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 b. Quick ratio c. Cash ratio times times times times times times Asset utilization ratios d. Total asset tumover times TAL 2014 2015 times Short-term solvency ratios: a. Current ratio b. Quick ratio C. Cash ratio times 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 j. Times interest earned k. Cash coverage ratio times times Profitability ratios: 1. Profit margin m. Return on assets n. Return on equity % % %