Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners Equity 2014 2015 2014 2015 Current assets Current liabilities Cash $ 24,126 $ 24,900 Accounts payable $ 23,984 $ 27,900 Accounts receivable 13,248 16,000 Notes payable 18,000 11,600 Inventory 26,542 27,900 Other 12,371 16,500 Total $ 63,916 $ 68,800 Total $ 54,355 $ 56,000 Long-term debt $ 77,000 $ 87,000 Owners equity Common stock and paid-in surplus $ 50,000 $ 50,000 Accumulated retained earnings 215,256 238,000 Fixed assets Net plant and equipment $ 332,695 $ 362,200 Total $ 265,256 $ 288,000 Total assets $ 396,611 $ 431,000 Total liabilities and owners equity $ 396,611 $ 431,000 SMOLIRA GOLF CORP. 2015 Income Statement Sales $ 392,907 Cost of goods sold 256,500 Depreciation 48,400 Earnings before interest and taxes $ 88,007 Interest paid 15,100 Taxable income $ 72,907 Taxes (40%) 29,163 Net income $ 43,744 Dividends $ 21,000 Retained earnings 22,744 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: 2014 2015 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: 2014 2015 g. Total debt ratio times times h. Debtequity ratio times times i. Equity multiplier times times j. Times interest earned times k. Cash coverage ratio times Profitability ratios: I. Profit margin % m. Return on assets % n. Return on equity %