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 Accounts receivable Inventory $ 24,096 12,948 26,242 $ 24,600 15,700 27,600 Accounts payable Notes payable Other $ 23,684 14,000 12,071 $ 27,600 11,300 18,100 Total $ 63,286 $ 67,900 Total S 49,755 $57,000 $ 74,000 $ 82,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 48,000 221,226 $ 48,000 242,000 Fixed assets Net plant and equipment $329,695 $361,100 Total $269,226 $290,000 Total assets $392,981 $429,000 Total liabilities and owners' equity $392,981 $429,000 SMOLIRA GOLF CORF 2015 Income Statement Sales Cost of goods sold Depreciation $414,290 265,500 57,700 Earnings before interest and taxes Interest paid $91,090 14,800 Taxable income Taxes (40%) $ 76,290 30,516 Net income $ 45,774 Dividends Retained earnings $ 25,000 20,774 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 Short-term solvency ratios: a. Current ratio b. Quick ratio c. Cash ratio 2015 times times times times times times Asset utilization ratios: d. Total asset turnover e. Inventory turnover f. Receivables turnover times times times 2014 Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratio i. Equity multiplier 2015 times times times times 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