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 $ 24,216 25,800 16,900 28,800 66,086 71,500 $ 24,884 28,800 12,500 16,700 $ 56,15558,000 Cash Accounts 14148 27,722 Accounts payable Notes payable Other 18,000 receivable Inventory 13,271 Total Total Long-term debt Owners' equity $ 86,000$84,888 Common stock and paid-in 50,00050,000 surplus Accumulated retained 215,626 241,112 earnings Fixed assets Net plant and $341,695 $362,500 Total $265,626 $291,112 equipment Total liabilities and owners equity Total assets 407,781 $434,000 $ 407,781 $434,000 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods solod Depreciation $357,290 241,600 32,400 Earnings before interest $ 83,290 16,000 $ 67,290 and taxes Interest paid Taxable income Taxes (22%) 14,804 Net income 52,486 Dividends Retained earnings $27,000 25,486 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 b. Quick ratio c. Cash ratio 2017 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. lotal debt ratio h. Debt-equity ratio I. Equity multiplier times times times times times times i. Times interest earned times k. Cash coverage ratio times Profitability ratios: I. Profit margin m. Return on assets n. Return on equity 0 0 0