Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities $ 24,236 26,000 17100 29,000 $ 66,476 $ 72,100 25,084 $ 29,000 12,700 18,300 57,555 $ 60,000 $88,000 $ 87698 Cash Accounts Accounts payable Notes payable Other 14,348 19,000 receivable Inventory 27,892 13,471 Total Total Long-term debt Owners' equity Common stock and paid-in $45,000 45,00o surplus Accumulated retained 219,616 244,302 earnings Fixed assets Net plant and $343,695 $364,900Total $264,616 $289,302 equipment Total liabilities and owners equity Total assets $ 410,171 $437,000 $ 410,171 $437,000 SMOLIRA GOLF CORP 2018 Income Statement Sales Cost of goods solod Depreciation $392,640 257,000 48,800 Earnings before interest $86,840 and taxes Interest paid 16,200 Taxable income Taxes (24%) $70,640 16,954 Net income $ 53,686 Dividends Retained earnings $29,000 24,686 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 a Current ratio b. Quick ratio c. Cash ratio 2017 2018 times times times times times times Asset utilization ratios: d. Total asset turnover e. Inventory turnover f Receivables turnover times times times 2017 2018 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 I. Profit margin m. Return on assets n. Return on equity