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 Cash $ 24,056 24,200 15,300 27,200 $ 62,196 $66,700 $ 23,284 $ 27,200 10,900 15,900 $ 46,955 54,000 90,000 93,294 Accounts Inventory Total Accounts payable Notes payable Other 12,548 12,000 receivable 25,592 11,671 Total Long-term debt Owners' equity Common stock and paid-in $42,000 42,000 surplus Accumulated retained 208,936 242,706 earnings Fixed assets Net plant and equipment $325,695 $365,300 $250,936 $284,706 Total liabilities and owners equity Total assets $ 387,891 $432,000 387,891 $432,000 SMOLIRA GOLF CORP 2018 Income Statement Sales Cost of goods sold Depreciation $336,329 231,000 21,600 Earnings before interest $ 83,729 14,400 $ 69,329 and taxes Interest paid Taxable income Taxes (21%) 14,559 Net income $ 54,770 Dividends Retained earnings $21,000 33,770 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.) 2018 Short-term solvency ratios: a. Current ratio 2017 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 times Long-term solvency ratios: 2017 2018 g. Total debt ratio h. Debt-equity ratio times times times times times times Equity multiplier Times interest earned k. Cash coverage ratio times times Profitability ratios: Profit margin m. Return on assets n. Return on equity 0 0 0 0