Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2017 2018 Current assets Cash Accounts $ 24,246 14,448 $ 26,100 Current liabilities Accounts payable $ 25,184 $ 29,100 17,200 Notes payable receivable Inventory 27,992 29,100 Other 20,000 13,571 12,800 18,100 Total $ 66,686 $ 72,400 Total $ 58,755 $ 60,000 Long-term debt $ 89,000 $103,648 Owners' equity Common stock and paid-in $ 50,000 $ 50,000 surplus Accumulated retained 213,626 223,352 earnings Fixed assets Net plant and equipment $344,695 $364,600 Total $263,626 $273,352 Total liabilities and owners' Total assets $ 411,381 $437,000 $ 411,381 $437,000 equity SMOLIRA GOLF CORP. 2018 Income Statement $360,968 262,500 29,200 Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (25%) $ 69,268 16,300 $ 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.) Short-term solvency ratios: 2017 2018 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 Long-term solvency ratios: 2017 2018 g. Total debt ratio times times h. Debt-equity ratio times times i. Equity multiplier times times |j. Times interest earned times k. Cash coverage ratio times Profitability ratios: Profit margin | I. m. Return on assets n. Return on equity % % % di di di